Investing.com - NXP (NASDAQ:NXPI) reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NXP announced earnings per share of $-0.08 on revenue of $2.27B. Analysts polled by Investing.com anticipated EPS of $1.55 on revenue of $2.23B.
NXP shares are up 6.03% from the beginning of the year and are trading at $139.05 , down-from-52-week-high.They are under-performing the Nasdaq which is up 26.6% from the start of the year.
NXP shares gained 3.05% in after-hours trade the report.
NXP follows other major Technology sector earnings this month
NXP's report follows an earnings beat by Taiwan Semiconductor on Wednesday, October 14, 2020, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.84 on revenue of $11.84B.
Intel had matched expectations on Thursday with third quarter EPS of $1.11 on revenue of $18.33B, compared to forecast for EPS of $1.11 on revenue of $18.24B.
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