Investing.com - NXP (NASDAQ:NXPI) reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NXP announced earnings per share of $2.24 on revenue of $3.04B. Analysts polled by Investing.com anticipated EPS of $3.01 on revenue of $3B.
NXP shares are down 9.81% from the beginning of the year and are trading at $207.69 , down-from-52-week-high.They are under-performing the Nasdaq which is down 8.98% from the start of the year.
NXP shares gained 1.10% 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 $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.71B.
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