NXP surges 23% at market open, marking the biggest jump since December 2010

Glonghui, April 29｜NXP surged 23% at the opening, marking its largest gain since December 2010. According to reports, NXP's first-quarter revenue increased by 12% year-on-year to $3.18 billion, surpassing the market expectation of $3.15 billion. Net profit more than doubled from $490 million in the same period last year to $1.12 billion. Adjusted earnings per share reached $3.05, also exceeding the market estimate of $2.98. Looking ahead to the second quarter, NXP provided a strong performance outlook, expecting revenue to be between $3.35 billion and $3.55 billion, and adjusted earnings per share to range from $3.29 to $3.72 — both higher than the market predictions of $3.27 billion and $3.21, respectively.