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NXP Semiconductors Q3 results top estimates; Q4 guidance in line

Investing.com -- NXP Semiconductors on Monday reported third-quarter results that topped Wall Street estimates. 

NXP Semiconductors NV (NASDAQ:NXPI) shares were flat in after-hours trading following the report.

NXP reported EPS of $3.70 on revenue of $3.43 billion. Analysts polled by investing.com anticipated EPS of $3.61 on revenue of $3.40B.

The automotive unit, which drives the bulk of growth, reported a 5% rise year-on-year to $1.89B.

The IoT unit saw revenue decline 15% in Q3 year-on-year, while mobile revenue was down 8% year-on-year.

Looking ahead, the company guided Q4 adjusted EPS of $3.65 on revenue of $3.4B. That compared with estimates for $3.65 a share on revenue of $3.43B.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.