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NXP’s Upbeat Revenue Forecast Fails to Impress Investors

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NXP’s Upbeat Revenue Forecast Fails to Impress Investors NXP Semiconductors NV struggled to impress investors with a generally upbeat forecast for the current period, the latest sign of deepening concern about the chip sector. Third-quarter revenue is set to rise about 18% from a year ago to roughly $3.75 billion, the Dutch chipmaker said in a statement on Tuesday. That compares with an average analyst estimate of $3.71 billion, according to data compiled by Bloomberg.

NXP’s Upbeat Revenue Forecast Fails to Impress Investors NXP Semiconductors NV struggled to impress investors with a generally upbeat forecast for the current period, the latest sign of deepening concern about the chip sector. Third-quarter revenue is set to rise about 18% from a year ago to roughly $3.75 billion, the Dutch chipmaker said in a statement on Tuesday. That compares with an average analyst estimate of $3.71 billion, according to data compiled by Bloomberg.
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Originally published by Bloomberg Technology Read original →