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NXP announced earnings per share of $1.08 on revenue of $2.51B. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $2.46B.
NXP shares are up 7.87% from the beginning of the year, still down 6.04% from its 52 week high of $182.55 set on January 8. They are outperforming the Nasdaq which is up 4% from the start of the year.
NXP shares lost 2.64% in after-hours trade following the report.
NXP’s report follows an earnings beat by Apple on Wednesday, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
