NXP Stock Jumps After Earnings and Outlook Top Estimates—Watch This Key Price Level

Key TakeawaysNXP shares jumped 6% in extended trading Monday after the Dutch-based chipmaker posted quarterly earnings and a current-quarter outlook that came in ahead of estimates. CEO Kurt Sievers said that the chipmaker remains cautiously optimistic about how it’s performing in an industry downturn and a challenging demand environment.Sales in the company’s industrial and IOT segment and mobile device chips unit helped offset weakness in its communications infrastructure and automotive chip businesses in ...