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Technology Stocks : Semi Equipment Analysis
SOXX 302.84+2.0%Dec 2 4:00 PM EST
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To: Sam who wrote (87948)1/31/2022 4:41:14 PM
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SNIP: NXP Semiconductors NV shares rose in the extended session Monday after the chip maker’s quarterly revenue results and forecast exceeded Wall Street expectations. NXP NXPI, +8.44% shares, which had initially popped 5%, were last up 2% after hours, following an 8.4% surge in the regular session to close at $205.44.

Eindhoven, Netherlands-based NXP reported fourth-quarter net income of $602 million, or $2.24 a share, compared with $309 million, or $1.08 a share, in the year-ago period. NXP did not provide an adjusted earnings-per-share figure in its release.

Revenue rose to $3.04 billion from $2.51 billion in the year-ago quarter, as auto chip sales surged 30% to $1.55 billion from a year ago.

Analysts surveyed by FactSet had forecast $3.01 a share on revenue of $3 billion, while forecasting a 28% rise in auto chip sales to $1.53 billion. NXP had forecast total fourth quarter-revenue of $2.93 billion to $3.08 billion last quarter.

finance.yahoo.com
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