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NXP Earnings Miss in Q3; Guidance on Q4 Revenue Tops Estimates




By Yasin Ebrahim

Investing.com – NXP (NASDAQ:) on Monday reported mixed third-quarter results, but the automotive chip supplier delivered an upbeat outlook on the current quarter.

NXP shares lost 0.22% in after-hours trade following the report.

NXP announced earnings per share of $1.91 on revenue of $2.86 billion. Analysts polled by Investing.com anticipated EPS of $2.75 on revenue of $2.85 billion.

Looking ahead to Q4, revenue was guided in the range of $2.93 billion to $3.08 billion, compared estimates of $2.91 billion.

“We continue to take additional actions to assure supply to our customers, which underpins our continued confidence in robust growth in the remainder of 2021 and through 2022,” the company said.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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