NXP Semiconductor Shares Are Rallying Tuesday After Hours: Here’s Why

NXP Semiconductors NV (NASDAQ:NXPI) shares are trading higher after the company reported first-quarter financial results Tuesday after market close.

• NXP Semiconductors stock is at critical resistance. What’s behind NXPI new highs?

Here are the key highlights.

NXP Q1 Earnings

NXP reported first-quarter revenue of $3.18 billion, up 12% year-over-year. The revenue total beat a Street consensus estimate of $3.16 billion, according to data from Benzinga Pro.

The company reported quarterly earnings per share of $3.05, beating a Street consensus estimate of $2.95.

For quarterly revenue, Automotive was the biggest segment at $1.78 billion, followed by Industrial & IOT at $628 million and Mobile at $391 million. These …

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