NXP Semiconductors soars 26%, paces for its best day ever after earnings beat

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NXP Semiconductors soars 26%, paces for its best day ever after earnings beat

A view shows a logo at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | Reuters NXP Semiconductors shares rose 26% Wednesday, on …

A view shows a logo at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | Reuters NXP Semiconductors shares rose 26% Wednesday, on track for its best day ever since the company went public in 2010. The semiconductor manufacturer reported first-quarter earnings Tuesday that blew away Wall Street's estimates. The Dutch company reported adjusted earnings of $3.05 per share, beating LSEG expectations of $2.95. …

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