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NXP (NXPI) Reports Q2 Earnings: What Key Metrics Have to Say
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NXP Semiconductors (NXPI - Free Report) reported $3.13 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 5.2%. EPS of $3.20 for the same period compares to $3.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.13 billion, representing a surprise of +0.04%. The company has not delivered EPS surprise, with the consensus EPS estimate being $3.20.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how NXP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Automotive: $1.73 billion versus $1.72 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -7.4% change.
Revenue- Communications Infrastructure & Other: $438 million versus $431.16 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -23.3% change.
Revenue- Industrial & IoT: $616 million versus $624.02 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
Revenue- Mobile: $345 million compared to the $350.24 million average estimate based on eight analysts. The reported number represents a change of +21.5% year over year.
Shares of NXP have returned -0.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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NXP (NXPI) Reports Q2 Earnings: What Key Metrics Have to Say
NXP Semiconductors (NXPI - Free Report) reported $3.13 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 5.2%. EPS of $3.20 for the same period compares to $3.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.13 billion, representing a surprise of +0.04%. The company has not delivered EPS surprise, with the consensus EPS estimate being $3.20.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how NXP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Automotive: $1.73 billion versus $1.72 billion estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -7.4% change.
- Revenue- Communications Infrastructure & Other: $438 million versus $431.16 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -23.3% change.
- Revenue- Industrial & IoT: $616 million versus $624.02 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
- Revenue- Mobile: $345 million compared to the $350.24 million average estimate based on eight analysts. The reported number represents a change of +21.5% year over year.
View all Key Company Metrics for NXP here>>>Shares of NXP have returned -0.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.