STMicroelectronics Cuts Outlook Again on Continued Weak Demand

STMicroelectronics slashed its annual guidance for the third time this year after posting a slump in net profit and sales, as demand for chips in cars and industrial equipment remained weak.

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STMicroelectronics Cuts Outlook Again on Continued Weak Demand

Topics

Related

Smith & Nephew cuts outlook on China weakness

Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks

CVS cuts outlook yet again — while swapping out CEO for a company veteran

U.S. crude oil prices fall more than 2% after OPEC cuts demand forecast again

L’Oréal sales disappoint due to weak Chinese demand

Procter & Gamble earnings beat estimates, but weak demand in China hurts sales

China's Top Oil Companies Turn in Mixed Results Amid Weak Demand

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