Investing.com - NXP (NASDAQ:NXPI) reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NXP announced earnings per share of $2.48 on revenue of $3.14B. Analysts polled by Investing.com anticipated EPS of $3.19 on revenue of $3.1B.
NXP shares are up 58% from the beginning of the year and are trading at $179.50 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.82% from the start of the year.
NXP shares gained 1.41% in after-hours trade the report.
NXP follows other major Information Technology sector earnings this month
NXP's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on Tuesday, April 26, 2022 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
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