Michael Hennessey / Bloomberg:
STMicro reports Q2 net revenue down 25.3% YoY to $3.23B and cuts its FY 2024 revenue outlook to $13.2B to $13.7B, down from a previous range of $14B to $15B — - Sales this year will fall to $13.2 billion to $13.7 billion — CEO: Customer orders for industrial business didn't improve