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NXP announced earnings per share of $2.24 on revenue of $3.04B. Analysts polled by Investing.com anticipated EPS of $3.01 on revenue of $3B.
NXP shares are down 9.81% from the beginning of the year, still down 14.37% from its 52 week high of $239.91 set on December 7, 2021. They are under-performing the Nasdaq 100 which is down 8.52% from the start of the year.
NXP shares gained 3.81% in after-hours trade following the report.
NXP’s report follows an earnings beat by Apple on Thursday, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
