NXP Semiconductors' Stock Rises on Improved 3Q Outlook
08 Octubre 2020 - 4:05PM
Noticias Dow Jones
By Maria Armental
NXP Semiconductors NV's stock rose 6% to $143.30 in after-hours
trading Thursday after the company said it now expects to report a
better-than-expected $32 million operating profit and about $2.27
billion in revenue for the quarter ended Sept. 27 on improved
demand, particularly from automobile and mobile.
NXP had previously projected a $12 million operating profit at
the high end of its projection, and a $105 million operating loss
at the low end of its forecast, with revenue ranging from $1.9
billion to $2.1 billion.
"The business environment has improved at a
faster-than-anticipated pace, driving a broadbased increase in
revenue, which also enabled higher gross margin," Chief Executive
Kurt Sievers said in a statement.
Company officials had pointed to broad-based disruption as
customers' manufacturing facilities shut down to help curb the
spread of the Covid-19 pandemic.
The company is slated to report third-quarter results on Oct.
26.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
October 08, 2020 16:50 ET (20:50 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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