NXP Earnings miss, Revenue beats In Q1 By Investing.com

NXP (NASDAQ:NXPI) reported on Monday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.

NXP announced earnings per share of $1.25 on revenue of $2.57B. Analysts polled by Investing.com anticipated EPS of $2.21 on revenue of $2.56B.

NXP shares are up 28.94% from the beginning of the year and are trading at $205.02 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 8.83% from the start of the year.

NXP follows other major Technology sector earnings this month

NXP’s report follows an earnings beat by Taiwan Semiconductor on April 14, who reported EPS of $0.9497 on revenue of $12.77B, compared to forecasts EPS of $0.9247 on revenue of $12.78B.

Intel had beat expectations on Thursday with first quarter EPS of $1.39 on revenue of $18.57B, compared to forecast for EPS of $1.15 on revenue of $17.79B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar