NXP Earnings miss, Revenue beats In Q4 By Investing.com

NXP (NASDAQ:NXPI) reported on Monday fourth quarter earnings that missed analysts’ forecasts and revenue that topped expectations.

NXP announced earnings per share of $1.08 on revenue of $2.51B. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $2.46B.

NXP shares are up 7.87% from the beginning of the year and are trading at $167.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 4% from the start of the year.

NXP shares lost 2.64% in after-hours trade the report.

NXP follows other major Technology sector earnings this month

NXP’s report follows an earnings beat by Apple on Wednesday, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.

Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar