NXP’s upbeat forecast hints industrial-chip bottom — but telecom slump knocks shares
NXP Semiconductors forecast first-quarter revenue of $3.05–$3.25 billion, above analyst estimates, citing strong demand in automotive and industrial markets. Fourth-quarter revenue reached $3.34 billion, with adjusted earnings of $3.35 per share, both beating forecasts. Shares fell about 5% after hours, pressured by an 18% drop in communications infrastructure revenue. Automotive sales totaled $1.88 billion for the quarter.