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NXP Semiconductors Shares Down on 4Q Forecast, Outlook for Autos

By MarketWatch   |   Nov 4, 2024 at 06:01 PM EST
NXP Semiconductors Shares Down on 4Q Forecast, Outlook for Autos

NXP Semiconductors' stock fell due to weak fourth-quarter guidance reflecting macro weakness in automotive and IoT markets in Europe and the Americas. Revenue forecasted at $3-3.45 billion, below analysts' expectations. Stock down 5.

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