NXP Earnings Miss, Revenue Beats In Q2
2022.07.25 23:13
NXP Earnings Miss, Revenue Beats In Q2
Investing.com – NXP (NASDAQ:NXPI) reported on Monday second quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
NXP announced earnings per share of $2.53 on revenue of $3.31B. Analysts polled by Investing.com anticipated EPS of $3.39 on revenue of $3.27B.
NXP shares are down 23.55% from the beginning of the year, still down 27.42% from its 52 week high of $239.91 set on December 7, 2021. They are outperforming the Nasdaq which is down 24.69% from the start of the year.
NXP shares gained 1.02% 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 Taiwan Semiconductor on July 14, who reported EPS of $1.53 on revenue of $17.87B, compared to forecasts EPS of $1.44 on revenue of $17.68B.
ASML ADR had beat expectations on Wednesday with second quarter EPS of $3.62 on revenue of $5.55B, compared to forecast for EPS of $3.61 on revenue of $5.56B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
