Tech Nuggets with the Technology: NXP Semiconductors reports Q2 revenue down 5% YoY to $3.13B, automotive chip sales down 7% YoY, and forecasts Q3 revenue below $3.35B est.; NXPI drops 9%+ (Lynn Doan/Bloomberg)

Tuesday, July 23, 2024

NXP Semiconductors reports Q2 revenue down 5% YoY to $3.13B, automotive chip sales down 7% YoY, and forecasts Q3 revenue below $3.35B est.; NXPI drops 9%+ (Lynn Doan/Bloomberg)

Lynn Doan / Bloomberg:
NXP Semiconductors reports Q2 revenue down 5% YoY to $3.13B, automotive chip sales down 7% YoY, and forecasts Q3 revenue below $3.35B est.; NXPI drops 9%+ — NXP Semiconductors NV slid in late trading after giving revenue and earnings outlooks for the third quarter that disappointed investors.

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