NXP Semi forecasts third-quarter revenue below estimates on auto weakness

NXP Semiconductors forecast third-quarter revenue below market estimates on Monday, as it battles slowing build a question to from automobile prospects and rising geopolitical dangers, sending its shares down about 8 per cent in prolonged procuring and selling.

The company forecast revenue in the variety of $3.15 billion to $3.35 billion, compared with analysts’ realistic estimate of $3.36 billion, in step with LSEG recordsdata.