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NXP announced earnings per share of $2.16 on revenue of $2.02B. Analysts polled by Investing.com anticipated EPS of $1.42 on revenue of $2.05B. That with comparison to EPS of $1.64 on revenue of $2.09B in the same period a year before. NXP had reported EPS of $2.05 on revenue of $2.3B in the previous quarter. Analysts are expecting EPS of $1.2 and revenue of $1.9B in the upcoming quarter.
NXP shares are down 23.68% from the beginning of the year , still down 30.42% from its 52 week high of $139.59 set on February 14. They are under-performing the Nasdaq 100 which is up 0.4% year to date.
NXP shares gained 4.19% in after-hours trade following the report.
NXP’s report follows an earnings matched by Taiwan Semiconductor on Saturday, who reported EPS of $0.75 on revenue of $10.34B, compared to forecasts EPS of $0.75 on revenue of $10.32B.
Intel had beat expectations on Thursday with first quarter EPS of $1.45 on revenue of $19.83B, compared to forecast for EPS of $1.28 on revenue of $18.67B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
