SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of STMicroelectronics N.V. - STM

Core Viewpoint - Pomerantz LLP is investigating claims on behalf of investors of STMicroelectronics N.V. regarding potential securities fraud or unlawful business practices, following a significant drop in the company's stock price after a negative earnings report [1][5]. Financial Performance - STMicroelectronics reported a second quarter revenue of $3.23 billion, reflecting a year-over-year decline of 25.3% [6]. - The company revised its full year revenue forecast for 2024 to a range of $13.2 billion to $13.7 billion, down from a previous estimate of $14 billion to $15 billion, and significantly lower than the earlier projection of $15.9 billion to $16.9 billion made in January 2024 [6]. Stock Market Reaction - Following the announcement of the revised financial outlook, STMicroelectronics' stock price fell by $6.07 per share, or 15.35%, closing at $33.47 per share on July 25, 2024 [3].