NXP Semiconductors (NXPI) Misses Q2 EPS by $1.61, Offers Q3 Guidance
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NXP Semiconductors Reports Second Quarter 2020 Results
July 27, 2020 5:00 PM EDTEINDHOVEN, The Netherlands, July 27, 2020 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the second quarter 2020, ended June 28, 2020.
NXP delivered second quarter revenue of $1.82 billion, an 18 percent decline from the year ago period, and modestly better than the mid-point of our guidance," said Kurt Sievers, NXP President and Chief Executive Officer. "Our Automotive end market was significantly impacted by the effects of the COVID-19 pandemic on the global macro-economic environment, though we did experience better than anticipated sequential trends in our other end markets. We are... More
