NXP Semi Stock Is Sliding Tuesday: What's Going On?
Portfolio Pulse from Adam Eckert
NXP Semiconductors (NASDAQ:NXPI) shares are down after the company reported mixed Q2 results and issued soft guidance for Q3. Revenue slightly beat estimates, but earnings missed. The company expects Q3 revenue and earnings to be below analyst expectations.
July 23, 2024 | 1:16 pm
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NXP Semiconductors reported mixed Q2 results with revenue slightly beating estimates but earnings missing. The company issued soft guidance for Q3, expecting revenue and earnings below analyst expectations. Shares are down 7.42%.
The mixed Q2 results, with revenue slightly beating but earnings missing estimates, combined with a soft Q3 guidance, have led to a negative market reaction. The stock is down 7.42%, indicating investor disappointment and concern over future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100