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0.00430962108915868 -0.000727598365702107 -0.00368948340516034 0.0055409414003469 -0.0264733866905469 -0.0179660827223373 -0.00486931213969891 -0.015839256730285
Stock impact report

NXP Semiconductors issues preliminary results, expects 3.5% drop in first-quarter sales [MarketWatch]

NXP Semiconductors N.V. (NXPI) 
Last nxp semiconductors n.v. earnings: 4/27 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nxp.com
Company Research Source: MarketWatch
NXP Semiconductors NV delivered preliminary first-quarter results Tuesday that showed weaker revenue than the company had modeled in its last forecast issued in early March. The company expects to report $2.02 billion in March-quarter revenue, down 3.5% from a year earlier. The midpoint of the company's March 2 forecast had been calling for $2.23 billion in revenue, which would have marked a 6.3% rise on a year-over-year basis. Analysts surveyed by FactSet were modeling $2.12 billion. "While the supply chain disruption experienced post Lunar New Year in China appears to be subsiding, the end market demand trends in the rest of the world have started to significantly deteriorate," the company said in a press release. These headwinds worsened throughout March in the automotive market as many auto makers worldwide have shut down production lines. In addition, weaker consumer demand in the industrial and mobile markets has caused orders to be pushed out. NXP has been trying to align chann Show less Read more
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