Reported about 21 hours ago
NXP Semiconductors' shares fell nearly 5% after the company's third-quarter revenue forecast of $3.05 to $3.25 billion did not meet analysts' expectations, suggesting ongoing challenges in the automotive sector due to tariffs and decreased demand. The company's second-quarter revenue also showed a decline of 6%, while CEO Kurt Sievers maintains a positive outlook for improvement despite the uncertainties in the market.
Source: YAHOO