
The chipmaker’s shares fell as major U.S. indexes rose, with investors looking ahead to its earnings report scheduled for October 27.
NXP Semiconductors shares fell 1.54% to close at $227.52 on Friday, while the S&P 500 gained 0.6%. The Dow rose 0.83% and the Nasdaq added 0.64%.
Over the past month, NXP shares gained 2.03%, trailing the Computer and Technology sector’s 4.03% advance but exceeding the S&P 500’s 1.34% rise.
The company is scheduled to report earnings on October 27. Zacks consensus estimates call for quarterly earnings of $4.13 per share and revenue of $3.76 billion, up 32.8% and 18.47%, respectively, from the same quarter a year earlier.
This article was produced with the help of AI technology. Source: Yahoo Finance