NXP Semiconductors Projects Q3 Revenue Decline Amid Automotive Demand Drop
NXP Semiconductors (NASDAQ: NXPI) has announced a projected revenue decline for Q3, largely due to reduced automotive demand and geopolitical tensions, causing an 8% drop in stock during after-hours trading. The company anticipates revenue between $3.15 billion and $3.35 billion, falling short of analyst expectations. Despite challenges in the automotive sector, NXP’s mobile division saw a 21% revenue increase. Investors are closely monitoring NXP’s strategic investments and market adaptations amid ongoing semiconductor industry volatility.
Stocks Experience Significant Movement in After-Hours Trading Session
Discover the significant after-hours stock movements of companies like Paramount, NXP Semiconductors, Chegg, and F5. Learn why monitoring after-hours trading activity is crucial for investors and how it can impact investment decisions.
NXP Semiconductors Reports Fourth-Quarter Results Topping Wall Street Estimates
Investing.com — NXP Semiconductors reported Monday fourth-quarter results that topped Wall Street estimates, and the auto chipmaker delivered guidance that was in-line with expectations. NXP Semiconductors NV (NASDAQ:NXPI) shares were up more than 2% in after-hours trading following the report….