NXP Semiconductors Q2 Adj EPS $3.43 Beats $3.27 Estimate, Sales $3.30B Beat $3.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
NXP Semiconductors reported Q2 adjusted earnings of $3.43 per share, beating the analyst consensus estimate of $3.27 by 4.89%. However, this is a 2.56% decrease from the same period last year. The company also reported quarterly sales of $3.30 billion, surpassing the analyst consensus estimate of $3.21 billion by 2.77%, but this is a 0.33% decrease from the same period last year.
July 24, 2023 | 8:11 pm
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NEUTRAL IMPACT
NXP Semiconductors' Q2 earnings and sales beat estimates but showed a decrease compared to the same period last year.
While NXP Semiconductors beat analyst estimates for Q2 earnings and sales, the year-over-year decrease in both metrics could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100