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NXP Tumbles After Auto Industry Slump Weighs on Forecast

By Yahoo! Finance   |   Nov 4, 2024 at 05:29 PM EST
NXP Tumbles After Auto Industry Slump Weighs on Forecast

NXP Semiconductors NV's disappointing Q4 forecast, reflecting a slowdown in the automotive industry, caused a drop in its stock. The chipmaker expects revenue of $3B to $3.2B and earnings up to $3.33/share, below analysts' estimates.

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