This story originally appeared on Zacks
NXP Semiconductors (NXPI) closed the most recent trading day at $217.65, moving -0.48% from the previous trading session. This move was narrower than the S&P 500’s daily loss of 1.14%. Elsewhere, the Dow lost 1.23%, while the tech-heavy Nasdaq lost 0.36%.
Coming into today, shares of the chipmaker had lost 1.15% in the past month. In that same time, the Computer and Technology sector lost 4.36%, while the S&P 500 lost 1.37%.
NXP Semiconductors will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.01, up 12.31% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $3 billion, up 19.73% from the prior-year quarter.
NXPI’s full-year Zacks Consensus Estimates are calling for earnings of $10.58 per share and revenue…