Save the date! Thursday 31st October 2024, is when STMicroelectronics N.V. (NYSE: STM) will be sharing its eagerly awaited third quarter financial results. Investors and analysts will be able to gain valuable insights into the company's financial performance as the announcement is scheduled before market open.
According to the forecasts of financial experts on Wall Street, the firm is expected to reveal an anticipated $0.33 profit per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $3.25 billion.
The per-share income of $1.16 was highlighted in the company's earnings report for the same quarter of the prior year. This notable figure was achieved due to the company's impressive total revenue of $4.43 billion recorded during that specific period.
Wall street analysts expect the company to generate a total revenue of $13.37 billion for the entire year. Additionally, these analysts also foresee the company achieving an estimated profit of $1.68 per share for the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.38 | -64.2% | 3.23 B | -25.3% |
| Q1 2024 | $0.54 | -50.9% | 3.47 B | -18.4% |
| Q4 2023 | $1.14 | -13.6% | 4.28 B | -3.2% |
| Q3 2023 | $1.16 | 0% | 4.43 B | +2.5% |
| Q2 2023 | $1.06 | +15.2% | 4.33 B | +12.7% |
| *Growth on year-over-year basis | ||||
STM has scheduled a conference call on 31st October 2024 at 03:30 AM eastern time to discuss the third quarter financial results and other related information.
Throughout Tuesday's trading, STMicroelectronics N.V. (STM) shares fluctuated between $28.46 and $29.18, with a trading volume of 4.97 million shares. The stock ended the regular trading session at $28.92, reflecting an advance of 1.33 percent.
