NXP Semiconductors Q2 Non-GAAP Earnings, Revenue Decline; Shares Slump After Hours

NXP Semiconductors (NXPI) reported Q2 non-GAAP earnings late Monday of $3.20 per diluted share, down from $3.43 a year earlier.Analysts surveyed by Capital IQ expected $3.20.Revenue for the quarter

MT Newswires17:05 ET

The autos industry is sluggish, nxp semiconductors' third-quarter revenue guidance is not good, and after-hours trading fell more than 8% at one point.

In the second quarter, NXP Semiconductors' revenue decreased by more than 5% year-on-year as expected, with auto business revenue dropping by more than 7%. The revenue guidance for the third quarter is lower than expected, with a maximum possible decline of more than 8%, accelerating from the second quarter.

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Express News | Corrected-NXP Semiconductors Q2 EPS USD 2.54 (Corrects Amount)

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Earnings Summary: NXP Semiconductors Q2 EPS In-line; Current Quarter Forecast Below Estimates

Seeking Alpha16:34 ET