Reported 21 days ago
NXP Semiconductors has projected its fourth-quarter revenue to be below analysts' estimates due to uncertain demand and economic weakness, particularly in Europe and the Americas. The company's shares fell 5% following this announcement. NXP anticipates a mid-point revenue of $3.10 billion, lower than the expected $3.36 billion, as it faces declining sales in the industrial and IoT markets while experiencing slight growth in automotive and mobile sectors.
Source: YAHOO