NXP Semi beats by $0.08, reports revs in-line; guides Q4 EPS in-line, revs in-line; guides FY23 revs below consensus
4:24 PM ET 11/6/23 | Briefing.com
Reports Q3 (Sep) earnings of $3.70 per share, excluding non-recurring items, $0.08 better than the FactSet Consensus of $3.62; revenues fell 0.3% year/year to $3.43 bln vs the $3.41 bln FactSet Consensus."Revenue trends in our Mobile, Industrial & IoT and Automotive end-markets all performed in-line or better than anticipated, while our Communication Infrastructure & Other end market was slightly below our expectations. The combination of our third quarter results, and the mid-point of our fourth quarter guidance indicates revenue for the full year 2023 will be flat versus 2022 in a challenging and cyclical market environment," said Kurt Sievers, NXP President and Chief Executive Officer.Co issues in-line guidance for Q4, sees EPS of $3.44-3.86, excluding non-recurring items, vs. $3.66 FactSet Consensus; sees Q4 revs of $3.30-3.50 bln vs. $3.44 bln FactSet Consensus.Co issues downside guidance for FY23, sees FY23 revs of ~$13.21 bln vs. $13.27 bln FactSet Consensus. |
