Earnings Digest | NXP results signal semiconductor industry rebound!
@Value_investing:
After the US stock market closed yesterday, semiconductor giant $NXP Semiconductors NV(NXPI)$ released the third quarter results, performance and guidance exceeded market expectations, once again verified that the semiconductor industry has been rebound!Specifically, NXP's third-quarter revenue was $3.434 billion, with analysts expecting $3.41 billion, down 0.3% from a year earlier, which continues to narrow from the previous two quarters:By business, NXP's largest revenue source is automotive chips, with revenue of $1.89 billion in the third quarter, an increase of 4.8%. Industrial and Internet of Things revenue was $607 million, down 14.9% year-on-year. Communications and others revenue was $559 million, up 7.9% from the same period last year.Mo