NXP's third-quarter financial forecast fell short of expectations, and the market is pessimistic about its subsequent performance

NXP Semiconductors' third-quarter financial forecast is lower than the average analyst estimate, with revenue expected to be between $3.15 billion and $3.35 billion, lower than the average analyst estimate of $3.36 billion. The adjusted gross profit margin is expected to be 58%-59%, lower than the 58.5% expected by analysts. Adjusted operating profit for the third quarter is expected to be $1.08 billion-1.21 billion, lower than the $1.17 billion expected by analysts. Adjusted earnings per share are expected to be between $3.21 and $3.63, and the midpoint is also lower than the average analyst estimate of $3.61.