NXP Semiconductors Sees Q2 Adj. EPS $3.00-$3.41 vs $3.11 Est., Total Revenue $3.025B-$3.225B vs $3.13B Est.
Portfolio Pulse from Benzinga Newsdesk
NXP Semiconductors projects its Q2 adjusted EPS to be between $3.00 and $3.41, compared to the estimated $3.11, and forecasts total revenue to range from $3.025B to $3.225B, against the estimated $3.13B.
April 29, 2024 | 8:19 pm
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NXP Semiconductors anticipates its Q2 adjusted EPS to be in the range of $3.00-$3.41, surpassing the consensus estimate of $3.11, with total revenue projections of $3.025B-$3.225B, slightly below to slightly above the estimated $3.13B.
The projected EPS range's midpoint exceeds the consensus estimate, indicating potential positive sentiment among investors. The revenue forecast, straddling the estimate, suggests a stable financial outlook. Both factors are likely to foster investor confidence, potentially leading to a short-term positive impact on NXPI's stock price.
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IMPORTANCE 90
RELEVANCE 100