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NXP Earnings Miss, Revenue Beats In Q3 -Breaking

by Mike Robinson

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© Reuters. NXP Earnings Miss, Revenue Beats In Q3

Investing.com reported Monday that third quarter revenue exceeded expectations, and that analysts had not forecast.

NXP posted earnings per share (EPS) of $1.91 on revenues of $2.86B. Investing.com polled analysts and predicted EPS at $2.75 for revenue of $2.85B.

NXP shares have risen 29.21% since the start of the year. However, they are still down 10.7% from their 52-week high of $228.72 on August 30, which was $228.72. They have outperformed the NXP which is up 23.41% over the start of this year.

NXP shares were down 0.2% during after-hours trading following the release.

NXP reports on other notable earnings in the technology sector for this month

NXP’s earnings beat was achieved by Alphabet C, who reported EPS at $27.99 for revenue $65.12B. This compares to the forecasted EPS of $23.83 and revenue $63.53B.

Taiwan Semiconductor exceeded expectations in October 14, with an EPS of $1.07 based on revenue $14.75B. This compares to the forecast of EPS at $1.04 based on revenue $14.81B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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