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Oct. 26, 2020, 6:08 p.m. EDT

NXP Semiconductors stock rises as forecast tops Street estimates

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By Wallace Witkowski

NXPI

NXP Semiconductors NV /zigman2/quotes/202999625/composite NXPI -0.50% shares rose in the extended session Monday after the Dutch chip maker’s forecast revenue topped Wall Street estimates. NXP shares rose 2.7% after hours, following a 1.6% decline in the regular session to close at $134.89. NXP expects fourth-quarter revenue of $2.38 billion to $2.53 billion, while analysts surveyed by FactSet had forecast on revenue of $2.27 billion. The company reported a third-quarter loss of $22 million, or 8 cents a share, versus net income of $109 million, or 38 cents a share, in the year-ago period. Revenue was flat at $2.27 billion from a year ago. Analysts had forecast revenue of $2.24 billion. Earlier in the month, NXP had forecast third-quarter preliminary revenue of $2.27 billion , compared with an earlier mid-point forecast of $2 billion.

/zigman2/quotes/202999625/composite
US : U.S.: Nasdaq
$ 157.67
-0.80 -0.50%
Volume: 1.70M
Nov. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.95%
Market Cap
$44.33 billion
Rev. per Employee
$301,939
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