NXP Semiconductors lowered Q4 earnings guidance, anticipating EPS and revenue below expectations.

NXP Semiconductors has lowered its Q4 earnings guidance, anticipating earnings per share (EPS) of $2.93 to $3.33 and revenue of $3.0 to $3.2 billion, both below analyst expectations. This follows a 5% decline in Q3 revenue, attributed to weakness in the automotive and IoT markets. Despite positive ratings from some research firms, NXP's shares fell 5% after the announcement, reflecting broader challenges in the semiconductor industry amid economic uncertainties.

November 04, 2024
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