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NXP Semiconductors forecasts strong quarterly results, shares jump [Yahoo! Finance]
Last texas instruments incorporated earnings: 4/21 04:01 pm
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recovery in the industrial and automotive chip ?markets to boost revenue, sending its shares up 15% in extended trading. NXP derives most of its revenue from the automotive and ?industrial markets, where ?new orders are on the uptick after a prolonged slump as ?end-market customers clear out excess inventory built up during the pandemic. • NXP forecast ?second-quarter revenue ?between $3.35 billion and $3.55 ?billion, compared with estimates ?of $3.27 billion, according to data compiled by LSEG. • It expects quarterly adjusted profit per share of between $3.29 and $3.72, above estimates of $3.17 per share. • Analog chipmaker Texas Instruments ?also provided a strong ?forecast last week, bolstered by ?data center ?and industrial chip demand. • NXP's ?revenue for the first ?quarter came ?in at $3.18 billion, beating estimates of $3.16 billion. • On an adjusted basis, the company ?earned $3.05 per ?share, compared with estimates of $2.95 per ?share. (Reporting by Zaheer Kac
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- Texas Instruments' Breakout Was 5 Years in the Making. Does It Have Legs? [Yahoo! Finance][Yahoo! Finance]
- NXP Jumps 10% After Forecasting Up To $3.55 Billion Q2 Revenue [Yahoo! Finance][Yahoo! Finance]
- Texas Instruments Lattice Edge AI Deal Meets Rich Valuation And Dividend Questions [Yahoo! Finance][Yahoo! Finance]
- Bank of America revamps Texas Instruments stock price target [Yahoo! Finance][Yahoo! Finance]
- Morgan Stanley sends blunt message on Texas Instruments' surge [Yahoo! Finance][Yahoo! Finance]
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