12:11 PM EST, 01/30/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

STMicroelectronics ( STM ) shares were down 9.9% in recent Thursday trading after the company reported lower Q4 results.

The company earlier reported Q4 earnings of $0.37 per diluted share, down from $1.14 a year earlier.

Analysts polled by FactSet expected $0.35.

Net revenue for the quarter ended Dec. 31 was $3.32 billion, down from $4.28 billion a year earlier.

Analysts surveyed by FactSet expected $3.3 billion.

For Q1, the company expects net revenue of $2.51 billion. Analysts polled by FactSet expect $2.71 billion.

Price: 22.30, Change: -2.45, Percent Change: -9.88