NXP Semiconductors Q3 Earnings: Analysts Weigh In On Revenue Decline, Weak Q4 Guidance

Quick Summary:

Analyst Color Following NXPI Earnings

Truist analyst William Stein highlighted that, despite robust performance in the Mobile and Communications segments and a modest increase in Automotive revenue, significant weakness in the Industrial sector had a considerable impact on overall results.

He forecasts revenue between $3 billion and $3.2 billion and earnings between $2.93 and $3.33 per share, both below analyst expectations.

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Author / Journalist: Henry Khederian

Category: Technology

Markets: United States

Topics: Expert Ideas Why it's moving Top Stories Benzinga News Tech NXPI NL0009538784

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 20:42:26 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 599 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23437161

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