NXP Semiconductors soars 26%, paces for its best day ever after earnings beat
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NXP Semiconductors shares rose 26% Wednesday, on track for its best day ever since the company went public in 2010. The semiconductor manufacturer reported first-quarter earnings Tuesday that blew away Wall Street's estimates. The Dutch company reported adjusted earnings of $3.05 per share, beating LSEG expectations of $2.95. The company's revenue of $3.18 billion, a 12% increase year-over-year, also beat the LSEG forecast of $3.16 billion. CEO Rafael Sotomayor attributed the growth to "
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