Investing.com - NXP (NASDAQ:NXPI) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
NXP announced earnings per share of $2.53 on revenue of $3.31B. Analysts polled by Investing.com anticipated EPS of $3.39 on revenue of $3.27B.
NXP shares are down 23.55% from the beginning of the year and are trading at $174.00 , down-from-52-week-high.They are outperforming the Nasdaq which is down 24.69% from the start of the year.
NXP shares lost 0.07% in after-hours trade the report.
NXP follows other major Information Technology sector earnings this month
NXP's report follows an earnings beat by Taiwan Semiconductor on July 14, who reported EPS of $1.53 on revenue of $17.87B, compared to forecasts EPS of $1.44 on revenue of $17.68B.
ASML ADR had beat expectations on Wednesday with second quarter EPS of $3.62 on revenue of $5.55B, compared to forecast for EPS of $3.61 on revenue of $5.56B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar