Melexis : Q4 2024 guidance points to stronger-than-expected inventory correction
>Q3 2024 results slightly below expectations - This morning, Melexis reported its Q3 2024 results which were slightly below expectations. Revenues came in at € 247.8m, slightly below consensus estimates at € 249.5m (vs the guidance range of € 247-252m). They were up 1% q-o-q and flat y-o-y. The outperforming product lines were magnetic position sensors and pressure sensors. The euro-dollar exchange rate had no impact on sales compared to the same quarter of last year ...Melexis designs, develops, tests and markets advanced integrated circuits primarily for the automotive industry. Co. sells its products to a wide customer base in the automotive, medical and industrial markets in Europe, Asia and North America. Co.'s main products are Hall effect ICs, Pressure and Acceleration Sensors, Sensor Interface ICs, Automotive Systems-on-a-Chip, Embedded Microcontrollers, Bus System Chips, Optical and Infrared sensors. In each case the products are primarily developed for automotive applications and designated lead customers with subsequent use in commercial and industrial applications.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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