Investing.com – NXP (NASDAQ:) reported on Monday fourth quarter that missed analysts’ forecasts and revenue that topped expectations.
NXP announced earnings per share of $0.4 on revenue of $2.3B. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $2.28B. That with comparison to EPS of $2.13 on revenue of $2.4B in the same period a year before. NXP had reported EPS of $2.2 on revenue of $2.27B in the previous quarter. Analysts are expecting EPS of $1.73 and revenue of $2.17B in the upcoming quarter.
NXP shares are down 1.23% from the beginning of the year , still down 8.86% from its 52 week high of $137.92 set on January 24. They are under-performing the Nasdaq which is up 2.59% year to date.
NXP shares lost 2.90% in after-hours trade following the report.
NXP follows other major Technology sector earnings this month
NXP’s report follows an earnings beat by Apple on January 28, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on Wednesday with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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