NXP Semiconductor stock plunges, disappointing revenue and profit forecasts - weak earnings
July 23, 2024, 7:26 JST (excerpt)
Midpoint of the revenue forecast for the July-September quarter falls below market expectations
For the April-June quarter, revenue in the main automotive semiconductor division decreased by 7% compared to the same period last year
Dutch semiconductor manufacturerNXP SemiconductorsThe stock price of NXP Semiconductors fell significantly in after-hours trading on the US stock market on the 22nd. The company's revenue and profit forecast for the July-September (third quarter) disappointed investors.
Midpoint of the revenue forecast for the July-September quarter falls below market expectations
For the April-June quarter, revenue in the main automotive semiconductor division decreased by 7% compared to the same period last year
Dutch semiconductor manufacturerNXP SemiconductorsThe stock price of NXP Semiconductors fell significantly in after-hours trading on the US stock market on the 22nd. The company's revenue and profit forecast for the July-September (third quarter) disappointed investors.
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