July 23, 2024
NXP Semiconductors stock rallies 5% as results, outlook top Wall Street view

NXP Semiconductors stock rallies 5% as results, outlook top Wall Street view

NXP Semiconductors NV shares rose in the extended session Monday after the chip maker — which gets more than half its sales from auto makers — topped Wall Street estimates for the past quarter, and in its outlook for the current one.

NXP NXPI shares rose as much as 5% after hours, following a 1.4% rise to close the regular session at $166.01. The company is scheduled to hold its conference call with analysts at 8 a.m. Eastern.

The…

Source

Leave a Reply

Your email address will not be published. Required fields are marked *