NXP Semiconductors ( NXPI ) late Monday beat estimates for the fourth quarter thanks to a surge in automotive chip sales. But it set its outlook lower for the current period. NXPI stock slid in extended trading. The Dutch chipmaker earned an adjusted $3.73 a share on sales of $3.31 billion in the December quarter. Analysts polled by FactSet had expected NXP to earn $3.64 a share on sales of $3.3 billion. On a year-over-year basis, NXP earnings rose 17% while sales climbed 9%. In the fourth quarter, NXP’s automotive chip sales jumped 17% to nearly $1.81 billion. However, industrial chip sales dropped 8% to $605 million. Meanwhile, mobile chip sales increased 9% and communications infrastructure chips advanced 8% in the quarter. Plus, What New Features And Tools Did Brokers Add Last Year To Help Investors Handle The Brutal Bear Market? For the current quarter, NXP forecasts adjusted earnings of $3.01 a share on sales of $3 billion. That’s based on the midpoint of its outlook. Wall Street had predicted earnings of $3.14 a share on sales of $3.17 billion in the first quarter. NXPI Stock Drops On Weak Outlook In after-hours trading on the stock market today , […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
