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 $2.79 on revenue of $3.45B. Analysts polled by Investing.com anticipated EPS of $3.66 on revenue of $3.43B.
NXP shares are up 11.51% from the beginning of the year and are trading at $143.31 , down-from-52-week-high.
NXP shares lost 1.90% 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 $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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