NXP Semiconductors NV shares rose in the extended session Monday after the chip maker topped Wall Street expectations.
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.
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