NXP Semiconductors (NXPI) Q4 Earnings Beat, Revenues Rise Y/Y

NXP Semiconductors N.V. (NXPI) delivered fourth-quarter 2023 non-GAAP earnings of $3.71 per share, which outpaced the Zacks Consensus Estimate by 1.92%. The figure decreased 0.5% year over year.Revenues of$ 3.42 billion surpassed the Zacks Consensus Estimate of $3.395 billion. The figure was up 3% from the year-ago level.This was attributed to strong momentum in the Automotive and Industrial & IoT markets.The company witnessed sluggishness in the Communication Infrastructure & Others and Mobile end markets ...