NXP Semiconductors Q4 Adj EPS $3.71 Beats $3.63 Estimate, Sales $3.42B Beat $3.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
NXP Semiconductors (NASDAQ:NXPI) reported Q4 adjusted EPS of $3.71, surpassing the $3.63 estimate, and sales of $3.42B, exceeding the $3.40B estimate. This represents a slight decrease in EPS from last year but a 3.32% increase in sales.
February 05, 2024 | 9:12 pm
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NXP Semiconductors reported higher than expected Q4 earnings and sales, indicating a strong financial performance despite a slight decrease in EPS from the previous year.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. The slight decrease in EPS year-over-year is noted but overshadowed by the overall positive results.
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