Chipmaker NXP forecasts downbeat first-quarter revenue on soft demand
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NXP Semiconductors has forecasted lower-than-expected first-quarter revenue due to weak demand from industrial and automotive sectors.
February 03, 2025 | 11:30 pm
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NXP Semiconductors has issued a revenue forecast for the first quarter that falls below analysts' expectations, indicating weak demand from industrial and automotive sectors.
The revenue forecast below analysts' estimates suggests potential challenges in demand, particularly from key sectors like industrial and automotive, which could negatively impact NXP's stock price in the short term.
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