NXP Earnings Miss, Revenue Beats In Q2

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NXP announced earnings per share of $-0.77 on revenue of $1.82B. Analysts polled by Investing.com anticipated EPS of $0.86 on revenue of $1.81B.

NXP shares are down 5.52% from the beginning of the year , still down 13.86% from its 52 week high of $139.59 set on February 14. They are under-performing the Nasdaq which is up 17.43% from the start of the year.

NXP shares lost 0.19% in after-hours trade following the report.

NXP’s report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.

Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.

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