NXP Shares Slide Most in Four Years Following Weak Outlook
- Company’s third-quarter revenue, earnings guidance fell short
- EU had warned European chipmakers of losing share to China
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NXP Semiconductors NV shares fell the most in four years after its third-quarter guidance disappointed investors.
The Dutch chipmaker predicted revenue of $3.15 billion to $3.35 billion in the period ending in September, the company said Monday in a statement. The midpoint is below analysts’ average estimate of $3.35 billion, according to data compiled by Bloomberg.