NXP (NASDAQ) – Investing.com released Monday’s first quarter report. It missed analyst forecasts but had revenue surpass expectations.

NXP reported earnings per share at $2.48 for revenue of $3.14B. Investing.com polled analysts and predicted EPS at $3.19 for revenue $3.1B.

NXP shares rose 58% over the first of the year but are down 26.22% from their 52 week high, $239.91 (December 7, 2021). They are outperforming the S&P 500 which is down 12.82% from the start of the year.

NXP shares rose 1.41% after hours trades following the publication.

NXP is following other important earnings in the Information Technology sector this month

NXP’s earnings report comes after Apple reported an Apple earnings beat on Thursday. Apple reports EPS at $1.52 per share on $97.28B in revenue, while NXP forecasts EPS at $1.42 for revenue of $94.03B.

Microsoft beat all expectations with a third quarter earnings per share of $2.22 on $49.36B in revenue, as compared to the forecast of EPS at $2.19 for $49.02B.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar