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EINDHOVEN, The Netherlands, Aug. 07, 2024 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) announced today it will host an in-person Investor Day event for buy-side institutional investors and sell-side equity analysts on November 7, 2024, between 8:00am and 12:30pm EST. The event will be held at the Four Seasons Hotel, One Dalton Street in Boston. NXP's Investor Day will include presentations and Q&A sessions with the company's senior leadership team, and a buffet lunch after the formal event. The event will be simulcast with both audio and video broadcast.
NXP Semiconductors' (NXPI) second-quarter 2024 results reflect weakness in the automotive and communications end markets.
Cantor Fitzgerald analyst C J Muse reiterated NXP Semiconductors NXPI with an Overweight and a $350 price target.
NXP Semiconductors' (NXPI) second-quarter 2024 results reflect strength in the Industrial & IoT, and Mobile markets amid softness in the Automotive, and Communication Infrastructure & Others markets.
NXP Semiconductors N.V. (NASDAQ:NXPI ) Q2 2024 Earnings Conference Call July 23, 2024 8:00 AM ET Company Participants Jeff Palmer - SVP, IR Kurt Sievers - President and CEO Bill Betz - CFO Conference Call Participants Vivek Arya - Bank of America Securities C.J.
NXP Semiconductors (NASDAQ: NXPI ) stock is in focus today on some lackluster results and expectations. Specifically, the firm's slumping auto business caused revenue to drop last quarter.
Shares in NXP Semiconductors N.V. (NXPI) fell sharply ahead of Tuesday's opening bell after the Dutch-based chipmaker issued a weaker-than-expected current quarter outlook amid a slowdown in spending by automotive customers and rising geopolitical risks.
Shares of NXP Semiconductors fell around 9% in premarket trading on Tuesday, dragging other automobile-chip makers as its disappointing quarterly revenue forecast sparked concerns of a delay in demand recovery.
Although the revenue and EPS for NXP (NXPI) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
NXP Semiconductors (NXPI) came out with quarterly earnings of $3.20 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $3.43 per share a year ago.