Investing.com - NXP (NASDAQ:NXPI) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NXP announced earnings per share of $-0.77 on revenue of $1.82B. Analysts polled by Investing.com anticipated EPS of $0.86 on revenue of $1.81B.
NXP shares are down 5.52% from the beginning of the year and are trading at $120.01 , down-from-52-week-high.They are under-performing the Nasdaq which is up 17.43% from the start of the year.
NXP shares lost 0.19% in after-hours trade following the report.
NXP follows other major Technology sector earnings this month
NXP's report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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