NXP Semiconductors posted adjusted EPS of $3.61, topping estimates, but its stock fell 6% in after-hours trading.
NXP Semiconductors reported second-quarter adjusted earnings per share of $3.61, surpassing the $3.53 consensus estimate. GAAP EPS reached $3.02, above the $2.89 forecast. The results were released after markets closed on Tuesday for the quarter ended June 28.
Analysts had anticipated weaker performance, with prior estimates centering on lower earnings. The company’s outlook also exceeded expectations, though the stock declined sharply in post-market trading.
Shares of NXPI fell 6% following the release, despite the earnings beat and positive guidance.