NXP Semiconductors inches lower a day after reporting Q4 earnings beat
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NXP Semiconductors (NXPI
-0.6%) shares trimmed gains as the initial cheer over the firm's Q4 earnings beat seems to have worn out.
NXPI had risen 4% aftermarket on Jan. 31 after reporting Q4 GAAP EPS of $2.24 and revenue of $3.04B, up 21% Y/Y.

The company forecast Q1 total revenue of $3B-3.2B (vs. $2.57B in the year-ago period). Consensus Q1 revenue estimate is $3.03B.
NXPI expects Q1 non-GAAP gross margin of 56.8-57.8% and non-GAAP operating income of $1B-1.1B.
The company also announced its updated financial model for 2021â2024, expecting to post growth of 8-12%.
Non-GAAP gross margin is estimated to be 32-36% during the period, while non-GAAP free-cash flow is targeted at 25% of revenue.
NXPI also raised its quarterly dividend by 50%.
The stock has gained 28% in value over the past 1 year.