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STMicroelectronics Q1 2024 GAAP EPS $0.54 Misses $0.65 Estimate, Sales $3.465B Miss $3.615B Estimate

Author: Benzinga Newsdesk | April 25, 2024 01:11am
STMicroelectronics (NYSE:STM) reported quarterly earnings of $0.54 per share which missed the analyst consensus estimate of $0.65 by 16.92 percent. This is a 50.91 percent decrease over earnings of $1.10 per share from the same period last year. The company reported quarterly sales of $3.465 billion which missed the analyst consensus estimate of $3.615 billion by 4.14 percent. This is a 18.41 percent decrease over sales of $4.247 billion the same period last year.

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