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NXP Semiconductors' (NXPI) first-quarter 2024 results reflect strength in the Industrial & IoT, and Mobile markets amid softness in the Automotive, and Communication Infrastructure & Others markets.
NXP Semiconductors' (NXPI) earnings were recently released. George Tsilis discusses these earnings and talks about how NXPI's valuation and balance sheet are really strong.
NXP Semiconductors NASDAQ: NXPI is trending higher and on track to hit the $300 level. The company's diversified business, position in the industrial chip market, and pivot back to growth are why.
NXP Semiconductors N.V. (NXPI) posted quarterly earnings above analysts' expectations and issued a better-than-expected bottom-line outlook for the current quarter amid a challenging environment, sending the chipmaker's shares 6% higher in Monday's extended-hours trading session.
While the top- and bottom-line numbers for NXP (NXPI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
NXP Semiconductors (NXPI) came out with quarterly earnings of $3.24 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $3.19 per share a year ago.
NXP Semiconductors NV forecast second-quarter profit above estimates on Monday, as easing inventory corrections at its industrial and mobile customers helped offset decelerating revenue from automotive customers due to slowing EV demand.
NXP Semiconductors' (NXPI) first-quarter results will likely reflect strength across Industrial & IoT and Mobile end markets. However, weakening demand in the Automotive segment may have been a concern.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for NXP (NXPI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
NXP (NXPI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.