STMicroelectronics (STM) is scheduled to report its third-quarter 2024 results on Oct. 31.For the third quarter, the company expects net revenues of $3.25 billion at the midpoint. The Zacks Consensus Estimate for revenues is pegged at $3.22 billion, implying a 27.3% year-over-year decline.The consensus mark for earnings has remained unchanged over the past 60 days at 33 cents per share, indicating a decline of 71.6% from the year-ago reported figure.STM surpassed the Zacks Consensus Estimate in three of the ...

Core Insights - STMicroelectronics has launched a new biosensing chip, the ST1VAFE3BX, designed for next-generation healthcare wearables, integrating cardio and neurological sensing with motion tracking and AI capabilities [1][2] - The chip aims to enhance individual health awareness and fitness by providing advanced monitoring features in a compact form factor [2] - The ST1VAFE3BX is currently in production and available for orders, with a demonstration scheduled at Electronica 2024 [4][5] Product Features - The ST1VAFE3BX combines high-accuracy biopotential input with inertial sensing and an AI core for activity detection, optimizing performance and power consumption [1][8] - It supports a variety of biopotential measurements, including ECG and EEG, with a maximum output data rate of 3200Hz and a typical operating current of just 50µA [9][10] - The device features a low-noise accelerometer with a programmable full-scale range, enabling advanced functions like step counting and activity detection [10] Market Opportunities - Analysts at Yole Development highlight the potential for wearable monitors to expand beyond general wellness into consumer healthcare devices approved for over-the-counter use [2] - The integration of the ST1VAFE3BX allows manufacturers to develop new products that are affordable and user-friendly, enhancing healthcare and fitness monitoring [6] - Companies like BM Innovations and Pison are leveraging the new biosensor for innovative product development in athlete performance monitoring and cognitive health [3][4] Technical Advancements - The chip includes a complete vertical analog front end (vAFE) that simplifies vital sign detection, addressing challenges like skin preparation and electrode positioning [5] - The machine-learning core and finite state machine enable on-chip decision-making, reducing the load on the main CPU and improving battery life [8] - STMicroelectronics provides software tools to maximize the performance of the ST1VAFE3BX, facilitating the implementation of advanced features [8]

LOS ANGELES, Oct. 18, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against STMicroelectronics N.V. ("ST" or "the Company") (NYSE: STM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of STM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead pla ...

SAN DIEGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of STMicroelectronics N.V. (NYSE: STM) securities between January 25, 2024 and July 24, 2024, inclusive (the "Class Period"), have until Tuesday, October 22, 2024 to seek appointment as lead plaintiff of the STMicroelectronics class action lawsuit. Captioned Wang v. STMicroelectronics N.V., No. 24- cv-06370 (S.D.N.Y.), the STMicroelectronics class action lawsuit charges STMicroelectronics and ...

Core Points - STMicroelectronics disclosed a downward revision of its full-year revenue and margin projections for 2024, now expecting total revenue to be between $13.2 billion and $13.7 billion, down from a previous forecast of $14 billion to $15 billion [1] - The company had initially projected 2024 revenues to range between $15.9 billion and $16.9 billion during its fourth-quarter 2023 earnings call [1] - For the second quarter of 2024, STMicroelectronics reported a revenue decline of 25.3% year-over-year, totaling $3.23 billion [1] - Net sales to Original Equipment Manufacturers (OEMs) and through Distribution channels decreased by 14.9% and 43.7% year-over-year, respectively [1] - Following the announcement, STMicroelectronics' stock dropped over 13% during pre-market trading on July 25, 2024 [1] Shareholder Information - Shareholders who purchased shares of STMicroelectronics during the class period from January 25, 2024, to July 24, 2024, are encouraged to contact the Gross Law Firm regarding possible lead plaintiff appointment [1][2] - The deadline for shareholders to register for the class action is October 22, 2024, and there is no cost or obligation to participate [2]

NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of STMicroelectronics N.V. (NYSE: STM) between January 25, 2024 and July 24, 2024, both dates inclusive (the "Class Period"), of the important October 22, 2024 lead plaintiff deadline. SO WHAT: If you purchased STMicroelectronics securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee a ...

Core Insights - STMicroelectronics disclosed a downward revision of its full-year revenue and margin projections for 2024, now expecting total revenue to be between $13.2 billion and $13.7 billion, down from a previous forecast of $14 billion to $15 billion [1] - The company had initially projected revenues for 2024 to range between $15.9 billion and $16.9 billion during its fourth-quarter 2023 earnings call [1] - For the second quarter of 2024, STMicroelectronics reported a revenue decline of 25.3% year-over-year, totaling $3.23 billion [1] - Net sales to Original Equipment Manufacturers (OEMs) and through Distribution channels decreased by 14.9% and 43.7% year-over-year, respectively [1] - Following the announcement, STMicroelectronics' stock dropped over 13% in pre-market trading on July 25, 2024 [1] Shareholder Information - Shareholders who purchased shares of STMicroelectronics during the class period from January 25, 2024, to July 24, 2024, are encouraged to contact the Gross Law Firm regarding possible lead plaintiff appointment [1][2] - The deadline for shareholders to register for the class action is October 22, 2024, and there is no cost or obligation to participate [2]

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises STMicroelectronics N.V. ("STM" or the "Company") (NYSE:STM) investors of a class action representing investors that bought securities between January 25, 2024 and July 24, 2024, inclusive (the "Class Period"). STM investors have until October 22, 2024 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portno ...

Core Insights - STMicroelectronics disclosed a downward revision of its full-year revenue and margin projections for 2024, now expecting total revenue to be between $13.2 billion and $13.7 billion, down from a previous forecast of $14 billion to $15 billion [1] - The company had initially projected revenues for 2024 to range between $15.9 billion and $16.9 billion during its fourth-quarter 2023 earnings call [1] - For the second quarter of 2024, STMicroelectronics reported a revenue decline of 25.3% year-over-year, totaling $3.23 billion [1] - Net sales to Original Equipment Manufacturers (OEMs) and through Distribution channels decreased by 14.9% and 43.7% year-over-year, respectively [1] - Following the announcement, STMicroelectronics' stock dropped over 13% in pre-market trading on July 25, 2024 [1] Shareholder Information - Shareholders who purchased shares of STMicroelectronics during the class period from January 25, 2024, to July 24, 2024, are encouraged to contact the Gross Law Firm regarding possible lead plaintiff appointment [1][2] - The deadline for shareholders to seek lead plaintiff status is October 22, 2024 [2] - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case [2]

STMicroelectronics (STM) announced its collaboration with Qualcomm Technologies, a subsidiary of Qualcomm Incorporated, for the next generation of industrial and consumer IoT solutions developed by edge AI. This strategic collaboration will facilitate the blend of Qualcomm's AI-powered wireless connectivity technologies, starting with Wi-Fi/Bluetooth/Thread combo system-on-a-chip with the microcontroller (MCU) ecosystem from STM. Developers will enjoy smooth connectivity software integration into STM32 gene ...