NXP Semiconductors Q2 2024 Adj EPS $3.20 Misses $3.21 Estimate, Sales $3.127B Beat $3.125B Estimate
Portfolio Pulse from Benzinga Newsdesk
NXP Semiconductors (NASDAQ:NXPI) reported Q2 2024 earnings per share of $3.20, slightly missing the analyst estimate of $3.21. However, the company beat sales estimates with $3.127 billion, though this represents a 5.21% decrease from the same period last year.
July 22, 2024 | 8:11 pm
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NXP Semiconductors reported Q2 2024 earnings per share of $3.20, missing the analyst estimate by $0.01. Sales were $3.127 billion, slightly above estimates but down 5.21% from last year.
The slight miss on EPS and the minor beat on sales estimates are likely to have a neutral short-term impact on NXPI's stock price. The 5.21% decrease in sales compared to last year may concern some investors, but the overall results are close to expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100