NXP Shares Fall 6.5% Premarket After Below-Consensus Profit Forecast
NXP Semiconductors forecast fourth-quarter operating income of $1.374 billion to $1.442 billion, below analyst expectations, and its shares fell 6.5% in early premarket trading Wednesday.
NXP Semiconductors NV’s (NXP) stock tumbled 6.5% in early premarket trading on Wednesday after the automotive chipmaker forecast quarterly profit below analyst expectations.The Eindhoven, Netherlands-based company forecast fourth-quarter operating income of $1.374 billion to $1.442 billion on an ad…