© Reuters. NXP Earnings Miss, Revenue Beats In Q1
Investing.com – NXP (NASDAQ:) reported on Monday first quarter that missed analysts’ forecasts and revenue that topped expectations.
NXP announced earnings per share of $2.48 on revenue of $3.14B. Analysts polled by Investing.com anticipated EPS of $3.19 on revenue of $3.1B.
NXP shares are up 58% from the beginning of the year, still down 26.22% from its 52 week high of $239.91 set on December 7, 2021. They are outperforming the S&P 500 which is down 12.82% from the start of the year.
NXP shares gained 1.41% in after-hours trade following the report.
NXP follows other major Information Technology sector earnings this month
NXP’s report follows an earnings beat by Apple on Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Be the first to comment