NXP Semiconductors' third-quarter revenue guidance is disappointing, and the stock price fell over 2.6% in after-hours trading
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NXP Semiconductors (NXPI) achieved revenue of $2.93 billion in the second quarter, exceeding analysts' expectations of $2.9 billion. It is expected that revenue in the third quarter will be between $3.05 billion and $3.25 billion, lower than analysts' expectations of $3.07 billion. As a result, NXP's stock price fell 2.66% in after-hours trading
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