NXP Semiconductors Falls After ‘Worse-Than-Feared’ Forecast
- Mizuho sees China headwinds posing significant challenges
- Stifel may revise stimates following after conference call
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NXP Semiconductors fell 5.9% in pre-market trading after its first-quarter forecast missed consensus as a result of macro headwinds from China. Deutsche Bank said it was “worse-than-feared.”
Now all eyes are on the 8 a.m. conference call, after which Stifel, a bear on the stock, expects to lower estimates.