""Given these external factors, we are doubling our efforts to focus on what is within our direct control, enabling NXP to continue to deliver solid profitability and results.""
""NXP posted earnings per share of $2.64 in the first quarter, exceeding expectations of $2.58, but revenue fell 9 percent to $2.84 billion.""
Kurt Sievers is stepping down as CEO of NXP, leading to a 7% drop in share prices. Rafael Sotomayor will succeed him on October 28. NXP reported earnings per share of $2.64, slightly exceeding expectations, but revenue fell by 9% to $2.84 billion. Net income also decreased by 23%. Despite these challenges, NXP is optimistic about future revenue, projecting $2.9 billion for the next quarter. Sievers acknowledged external market pressures and stated that the company is focusing on controllable factors to maintain profitability.
Read at Techzine Global
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