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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)

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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.

Sources checked by our analysis pipeline: 1

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 …

Original source: www.techmeme.com

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