INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against STMicroelectronics N.V. (NYSE: STM); Investors with Losses Encouraged to Discuss Their Options with Counsel

Core Viewpoint - A class action lawsuit has been filed against STMicroelectronics N.V. for allegedly making materially false and misleading statements regarding its revenue outlook and ability to manage challenges in its key markets during the class period from January 25, 2024, to July 24, 2024 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that STMicroelectronics and certain senior executives violated federal securities laws [1]. - Investors have until October 22, 2024, to seek appointment as lead plaintiff in the class action lawsuit [1]. - The lawsuit is being handled by DiCello Levitt, which specializes in various types of litigation [8]. Group 2: Financial Performance and Guidance - In January 2024, STMicroelectronics projected its full year 2024 revenue to be between $15.9 billion and $16.9 billion [5]. - On April 25, 2024, the company reported poor financial results for Q1 and revised its full year guidance down to a range of $14 billion to $15 billion, citing lower revenues in Automotive and Industrial sectors [6]. - The company further reduced its full year guidance on July 25, 2024, to a range of $13.2 billion to $13.7 billion, leading to a stock drop of over 13% on the same day [7].