Chipmaker NXP forecasts quarterly revenue below estimates on macroeconomic concerns
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NXP Semiconductors NV has forecasted its fourth-quarter revenue to be below estimates due to uncertain demand and macroeconomic weaknesses in Europe and the Americas.
November 05, 2024 | 12:30 pm
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NXP Semiconductors NV has projected its fourth-quarter revenue to fall below expectations, attributing this to uncertain demand and macroeconomic challenges in Europe and the Americas.
The forecast of lower-than-expected revenue is likely to negatively impact NXP's stock price in the short term as it reflects potential challenges in demand and economic conditions in key markets.
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