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NXP Semiconductors Q2 Earnings: Revenue Beat, EPS Miss — 'NXP Has Successfully Navigated The Cyclical Trough ... And We Expect To Resume Sequential Growth'

NXP Semiconductors N.V. (NASDAQ:NXPI) reported second-quarter financial results after the bell on Monday. Here’s a rundown of the report. Q2 Earnings: NXP said second-quarter revenue decreased 5% year-over-year to $3.127 billion, beating analyst estimates of $3.125 billion. The company reported adjusted earnings of $3.20 per share, narrowly missing estimates of $3.21 per share, per Benzinga Pro. The earnings miss appears to be weighing on shares, especially considering that NXP has a strong history of earnings beats. The company had met or exceeded analyst estimates in 15 of the last 16 quarters ...