NXPI Stock Stumbles as NXP Semiconductors Misses Out on Chip Boom
NXPINXP(NXPI) Investor Place·2024-07-23 22:12

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. That also resulted in the chipmaker’s third-quarter guidance coming in meaningfully below analysts’ average estimate.NXPI stock is retreating 7% on the news as of this writing.NXP’s Q2 Results and Q3 GuidanceBased in the Netherlands, NXP reported Q2 EPS, excluding certain items, of $3.20 per share yesterday, slightly below ...