NXP Semiconductors Stock Rises After Hours: Here's Why
Portfolio Pulse from Ryan Gustafson
NXP Semiconductors N.V. reported Q2 earnings of $3.43 per share, beating the analyst consensus estimate of $3.27. The company also reported quarterly sales of $3.30 billion, surpassing the analyst consensus estimate of $3.21 billion. The company issued Q3 guidance with total revenue estimated between $3.3 billion and $3.5 billion, and earnings per share expected to be between $3.39 and $3.82. The company's shares were up 1.76% after hours.
July 24, 2023 | 8:39 pm
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NXP Semiconductors reported better than expected Q2 earnings and sales, and issued positive Q3 guidance. This led to a 1.76% increase in the company's shares after hours.
NXP Semiconductors reported Q2 earnings and sales that beat analyst estimates, and issued Q3 guidance that was also above expectations. This positive financial performance is likely to increase investor confidence in the company, leading to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100