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STMicroelectronics beats Q4 revenue estimates; initiates Q1 outlook

  • STMicroelectronics press release (NYSE:STM): Q4 GAAP EPS of $0.37 in-line.
  • Revenue of $3.32B (-22.4% Y/Y) beats by $20M.
  • Net Capex (non-U.S. GAAP), were $470 million in the fourth quarter and $2.53 billion for the full year 2024. In the respective year-ago periods, net capital expenditures were $798 million

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