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Add as a preferred source on GoogleNXP Shares Fall 8% as Revenue Outlook Comes in Below Estimates
Quarterly results beat analyst expectations, while the company’s forecast for the quarter underway was slightly lower than expected.
Before U.S. trading opened Wednesday, Oct. 28, NXP Semiconductors shares dropped 8% after quarterly results topped analyst expectations while the company’s current-quarter revenue outlook came in slightly lower.
The update paired a quarterly beat with a softer near-term revenue forecast.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.