Auto chip maker NXP tops expectations ahead of Texas Instruments earnings

NXP Semiconductors N.V. shares rose in the extended session Monday after the chip maker — which gets more than half its sales from auto makers — topped Wall Street expectations.NXP NXPI shares rose as much as 3% after hours, following a 1.1% decline to... NXP Semiconductors N.V. shares rose in the extended session Monday after the chip maker — which gets more than half its sales from auto makers — topped Wall Street expectations.NXP NXPI shares rose as much as 3% after hours, following a 1.

“Our first-half results and guidance for the third quarter underpin our confidence that NXP is successfully navigating through the cyclical downturn in our consumer-exposed businesses,” said Kurt Sievers, NXP’s chief executive, in a statement. “At the same time, we see continued strength in our automotive, core-industrial and communications infrastructure businesses.”

Revenue declined to $3.3 billion from $3.31 billion in the year-ago quarter, as auto chip sales rose 9% to $1.87 billion from a year ago.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Tesla Now At 4% Of US Auto Market, Nearly 3% Of European Auto Market - CleanTechnicaOne of the most interesting elements of Tesla’s quarterly shareholder reports is something that seldom gets much or even any attention. There’s not a lot to write about it, but it is always fascinating to look at and ponder. What I’m talking about is Tesla’s graph on the company’s market share in three major auto […]
स्रोत: cleantechnica - 🏆 565. / 51 और पढो »