NXP Semiconductors N.V. (NASDAQ:NXPI) shares are trading higher Tuesday. The company reported third-quarter financial results after the market close on Monday.
What To Know:
NXP Semiconductors reported quarterly earnings of $3.70 per share, beating the analyst consensus estimate of $3.59 by 3.06%. The company reported quarterly sales of $3.43 billion, beating the analyst consensus estimate of $3.40 billion by 0.94%.
On Tuesday, NXP Semiconductors announced the expansion of its scalable S32 vehicle compute platform with the introduction of the S32M2, optimized for efficiency improvement across vehicle applications such as pumps, fans, sunroof and seat position, seat belt pretensioners, trunk openers and more.
Shares of NXPI are moving on above-average trading volume as investors digest the company’s financial results. According to data from Benzinga Pro, more than 1.44 million shares have already been traded in the session, compared to the stock’s 100-day average of 2.006 million shares.
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NXPI Price Action: According to Benzinga Pro, NXP Semiconductors shares are up 2% at $186.59 at the time of publication.
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