NXP Semiconductors Q3 Adj $3.70 Beats $3.59 Estimate, Sales $3.43B Beat $3.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
NXP Semiconductors (NASDAQ:NXPI) reported Q3 earnings of $3.70 per share, beating the analyst consensus estimate of $3.59 by 3.06%. However, this is a 2.89% decrease from the same period last year. The company also reported quarterly sales of $3.43 billion, beating the analyst consensus estimate of $3.40 billion by 0.94%, but this is a 0.44% decrease from the same period last year.
November 06, 2023 | 9:11 pm
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NXP Semiconductors reported better than expected Q3 earnings and sales, but both figures are down from the same period last year.
While NXP Semiconductors beat Q3 estimates, the decrease from last year's figures may cause some concern among investors. This could potentially lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100