Solid

NXP Semiconductors reports solid Q2 with strong results in automotive

By Betty C. Morrow 1 year ago

NXP Semiconductors on Monday reported solid second quarter financial results driven by major year-over-year growth in its automotive segment. 

The company reported net income of $406 million, or $1.42 per diluted share. Total revenue came to $2.6 billion, an increase of 43 percent versus the year-ago period, and better than the mid-point of NXP’s guidance. 

Analysts were expecting earnings of $2.31 per share on revenue of $2.58 billion. 

“We continue to be very positive about the long-term demand trends across all our end markets, and while the supply environment will remain challenging in the near term we have taken actions to increase supply which underpin our confidence to drive very robust growth for the remainder of 2021, as well as into 2022,” CEO Kurt Sievers said in a statement. 

NXP’s automotive business brought in $1.26 billion in revenue, up 87 percent year-over-year and up 3 percent sequentially. Industrial & IoT

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Is America’s Car-Mart (CRMT) Stock a Solid Choice Right Now?

By Betty C. Morrow 1 year ago

TipRanks

3 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’

Do you like roller coasters? According to Deutsche Bank, we’re looking at some roller coaster volatility for the next few months, with near-term gains likely, followed by a Q2 retreat, and second-half gains. The firm expects share values to fall in the next three months, perhaps by as much as 5% to 10%, for several reasons laid out by the firm’s strategist Binky Chadha. “The more front-loaded the impact of the stimulus, and the direct stimulus checks at around a quarter of the new package clearly are one off, the sharper the peak in growth is likely to be. The closer this peak in macro growth is to warmer weather (giving retail investors something else to do); and to an increased return to work at the office, the larger we expect the pullback to be,” Chadha noted. That’s

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