Investing.com - NXP reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NXP announced earnings per share of $1.91 on revenue of $2.86B. Analysts polled by Investing.com anticipated EPS of $2.75 on revenue of $2.85B.
NXP shares are up 29.21% from the beginning of the year , still down 10.17% from its 52 week high of $228.72 set on Monday, August 30, 2021. They are outperforming the Nasdaq 100 which is up 23.41% year to date.
NXP shares lost 0.22% in after-hours trade the report.
NXP follows other major Technology sector earnings this month
NXP's report follows an earnings beat by Alphabet C on Tuesday, October 26, 2021, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on Thursday, October 14, 2021 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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