NXP Semiconductors (NASDAQ:NXPI) shares rose nearly 4% on Tuesday following the company’s reported Q3 results, with revenue of $3.45 billion coming in better than the Street estimate of $3.43 billion. EPS was $2.79, compared to the Street estimate of $3.66.
The company guided cautiously for Q4 as macro headwinds are beginning to impact a greater portion of the company’s overall business (spreading to consumer exposed Industrial applications). For Q4, the company expects revenue to be in the range of $3.2-3.4 billion, compared to the Street estimate of $3.41 billion.