U.S. Stocks in Motion | Fourth-Quarter Revenue Guidance Slightly Below Expectations; NXP (NXPI.US) Falls Nearly 6% in Early Trading

Zhitong Finance APP has learned that on Wednesday, NXP Semiconductors (NXPI.US) opened down nearly 6%, and as of press time, the decline narrowed to about 5%. In terms of news, NXP Semiconductors delivered third-quarter financial results with both revenue and profit hitting records, but the company's fourth-quarter revenue guidance was slightly below expectations. NXP's third-quarter financial report showed that quarterly revenue was $3.786 billion, up 19% year over year and above the market consensus estimate; non-GAAP diluted earnings per share were $4.20, up 35% year over year and also exceeding expectations. Non-GAAP gross margin was 58.6%, and operating margin was 37.1%; quarterly free cash flow was $1.21 billion, accounting for 31.9% of revenue. The company expects fourth-quarter revenue of $3.75 billion-$3.95 billion, with a midpoint of $3.85 billion (up about 15% year over year), below analysts' expectation of $3.87 billion; the midpoint of non-GAAP operating profit was $1.44 billion, also slightly below expectations.