Shares of RFID manufacturer Impinj (NASDAQ:PI) jumped 18.4% in the morning session after the company reported first-quarter results with strong improvement in inventory levels. Its revenue and EPS also outperformed Wall Street's estimates during the quarter. The topline benefitted from strong demand in the endpoint IC segment, with sales up 14% sequentially, ahead of analysts' expectations, and offsetting the underperformance in the systems segment. Adding to the good news was guidance that came
NXP Semiconductors' (NXPI) first-quarter results will likely reflect strength across Industrial & IoT and Mobile end markets. However, weakening demand in the Automotive segment may have been a concern.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for NXP (NXPI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.