NXP Semiconductors (NASDAQ:NXPI) Reports Q1 In Line With Expectations, Stock Soars

Published on 29 Apr 2024 on StockStory via Yahoo Finance

NXP Semiconductors (NASDAQ:NXPI) Reports Q1 In Line With Expectations, Stock Soars

Chip manufacturer NXP Semiconductors (NASDAQ: NXPI) reported results in line with analysts' expectations in Q1 CY2024, with revenue flat year on year at $3.13 billion. The company expects next quarter's revenue to be around $3.13 billion, in line with analysts' estimates. It made a non-GAAP profit of $3.24 per share, improving from its profit of $3.19 per share in the same quarter last year.

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NXP Semiconductors (NASDAQ:NXPI) Reports Q1 In Line With Expectations, Stock Soars

NASDAQ.NXPI price evolution

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