NXP Semiconductors Reports Better-Than-Expected Q1 Results, Issues Q2 Guidance
Portfolio Pulse from Erica Kollmann
NXP Semiconductors N.V. (NASDAQ:NXPI) reported Q1 earnings of $3.24 per share, surpassing the consensus estimate of $3.16, and sales of $3.13 billion, slightly above the estimate of $3.127 billion. The company also provided Q2 guidance with adjusted earnings between $3.00 and $3.41 per share and revenue between $3.025 billion and $3.225 billion. Shares rose 5.61% after-hours.
April 29, 2024 | 8:42 pm
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NXP Semiconductors reported higher-than-expected Q1 earnings and sales, and provided optimistic Q2 guidance. Shares increased 5.61% after-hours.
The positive earnings report and optimistic guidance for Q2 suggest strong financial health and operational efficiency, leading to a positive investor sentiment and a likely increase in stock price in the short term.
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RELEVANCE 100