NXP Earnings miss, Revenue beats In Q3

© Reuters. NXP Earnings miss, Revenue beats In Q3 – NXP (NASDAQ:) reported on Monday third quarter that missed analysts’ forecasts and revenue that topped expectations.

NXP announced earnings per share of $-0.08 on revenue of $2.27B. Analysts polled by anticipated EPS of $1.55 on revenue of $2.23B.

NXP shares are up 6.03% from the beginning of the year and are trading at $139.05 , down-from-52-week-high.They are under-performing the Nasdaq which is up 26.6% from the start of the year.

NXP shares gained 3.05% in after-hours trade the report.

NXP follows other major Technology sector earnings this month

NXP’s report follows an earnings beat by Taiwan Semiconductor on October 14, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.84 on revenue of $11.84B.

Intel had matched expectations on Thursday with third quarter EPS of $1.11 on revenue of $18.33B, compared to forecast for EPS of $1.11 on revenue of $18.24B.

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