Chipmaker NXP forecasts quarterly revenue below estimates on macroeconomic concerns


FILE PHOTO: A view of the exterior of NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. REUTERS/Piroschka van de Wouw/File Photo

(Reuters) - NXP Semiconductors NV forecast fourth-quarter revenue below estimates on Monday, as it anticipates uncertain demand and broader macroeconomic weakness in Europe and the Americas.

Nasdaq-listed shares of NXP fell 5% in trading after the bell.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Windows running slow? Microsoft’s 11 quick fixes to speed up your PC
Meta to let users in EU 'share less personal data' for targeted ads
Drowning in pics? Tidy your Mac library with a few clicks
Flying taxis to take people to London airports in minutes from 2028
Smartphone on your kid’s Christmas list? How to know when they’re ready.
A woman's Waymo rolled up with a stunning surprise: A man hiding in the trunk
A safety report card ranks AI company efforts to protect humanity
Bitcoin hoarding company Strategy remains in Nasdaq 100
Opinion: Everyone complains about 'AI slop,' but no one can define it
Google faces $129 million French asset freeze after Russian ruling, documents show

Others Also Read