Investing.com - NXP (NASDAQ:NXPI) reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NXP announced earnings per share of $0.4 on revenue of $2.3B. Analysts polled by Investing.com anticipated EPS of $2.02 on revenue of $2.28B. That with comparison to EPS of $2.13 on revenue of $2.4B in the same period a year before.NXP had reported EPS of $2.2 on revenue of $2.27B in the previous quarter.Analysts are expecting EPS of $1.73 and revenue of $2.17B in the upcoming quarter.
NXP shares are down 1.23% from the beginning of the year and are trading at $122.06 , down-from-52-week-high.They are under-performing the Nasdaq which is up 2.59% year to date.
NXP shares lost 2.90% in after-hours trade after the report.
NXP follows other major Technology sector earnings this month
NXP's report follows an earnings beat by Apple on Tuesday, January 28, 2020, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.51B.
Microsoft had beat expectations on Wednesday with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.05 on revenue of $32,512M.
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