NXP Semiconductors (NXPI) Q1 Earnings Beat, Revenues Rise Y/Y

NXP Semiconductors N.V. (NXPI) delivered first-quarter 2024 non-GAAP earnings of $3.24 per share, which outpaced the Zacks Consensus Estimate by 1.9%. The figure increased 1.6% year over year.Revenues of $3.13 billion missed the Zacks Consensus Estimate by 0.02%. The figure rose 0.2% from the year-ago level.Strong momentum across the Industrial & IoT, and Mobile end markets contributed well.NXPI has gained 10.9% in the year-to-date period, outperforming the industry’s growth of 3%.However, the company witne ...