Christina Kyriasoglou / Bloomberg : NXP reports Q3 revenue up 19% YoY to $3.79B, vs. $3.76B est., and forecasts Q4 revenue below estimates; NXPI drops 7%+ after hours — NXP Semiconductors NV, a maker of chips for auto and industrial customers, slid in late trading after delivering a weaker revenue forecast than anticipated …
NXP reports Q3 revenue up 19% YoY to $3.79B, vs. $3.76B est., and forecasts Q4 revenue below estimates; NXPI drops 7%+ after hours (Christina Kyriasoglou/Bloomberg)
In short
NXP Semiconductors NV reports a 19% increase in Q3 revenue to $3.79 billion, surpassing initial estimates, while Q4 revenue is forecasted to be below previous quarters, leading to a 7% drop in the stock price in after-hours trading.
Key points
- NXP Semiconductors NV reports a 19% increase in Q3 revenue to $3.79 billion.: NXP Semiconductors NV reports a 19% increase in Q3 revenue to $3.79 billion.
- Q4 revenue is forecasted to be below previous quarters, resulting in a 7% drop in the sto…: Q4 revenue is forecasted to be below previous quarters, resulting in a 7% drop in the stock price in after-hours trading.