Information Provided By: 
Fly News Breaks for June 28, 2017
STM
Jun 28, 2017 | 08:45 EDT
Craig-Hallum analyst Anthony Stoss believes STMicroelectronics' fundamentals remain intact and he views the recent pullback in the stock as a "great buying opportunity" ahead of the company's earnings report, as he expects a "beat and raise" coming in late July. Stoss keeps a Buy rating and $20 price target on STMicroelectronics shares.
News For STM From the Last 2 Days
STM
Apr 26, 2024 | 12:03 EDT
STM
Apr 26, 2024 | 11:43 EDT
STM
Apr 26, 2024 | 06:05 EDT
STM
Apr 25, 2024 | 06:01 EDT
The company said, "We will now drive the Company based on a revised plan for FY24 revenues in the range of $14 billion to $15 billion. Within this plan, we expect a gross margin in the low 40's. We plan to maintain our Net Capex1 plan for FY24 at about $2.5 billion focusing on our strategic manufacturing initiatives."
STM
Apr 25, 2024 | 05:59 EDT
STM
Apr 25, 2024 | 05:57 EDT
Reports Q1 revenue $3.47B, consensus $3.61B. Jean-Marc Chery, ST President & CEO, commented: "Q1 net revenues and gross margin both came in below the midpoint of our business outlook range, driven by lower revenues in Automotive and Industrial, partially offset by higher revenues in Personal Electronics."
