On Monday, the American Dutch semiconductor firm, NXP, posted its third-quarter revenue, which beat analysts’ expectations, and earnings, that miss the forecast. NXP stocks are already 6.03% high from the start of 2020, performing under the NASDAQ, which is 26.6% high from the beginning of 2020.
NXP reported revenue of $2.27 billion as compared to predicted $2.23 billion and earnings per share of -$0.08 in comparison to $1.55 forecasted EPS. The firm share rose 3.05% in the after-hours market and is trading lower than the 52-week high point, at $139.05.
The US-based firm follows another major organisation in the similar field, Taiwan Semiconductors, which reported revenue of $12.4 billion and earnings per share of $0.92 as compared to experts’ forecast of $11.84 billion revenue and $0.84 EPS.