Related News

5 diseases that nails can reveal

Yellow nails are often caused by a fungal infection, especially if the nails become thick, brittle, or start to crumble. But sometimes yellow nails can be a sign of more

Stablecoin issuer Circle applies for a national bank charter

Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group’s IPO, in New York City, U.S., June 5, 2025. Brendan McDermid

Tinder requires California users to verify their profiles using facial recognition

Tinder is testing out a new facial recognition feature as it seeks to reduce fraud and build trust among its customer base. The West Hollywood-based company, which is owned by

Meta shares hit all-time high as Zuckerberg goes on AI hiring blitz

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024. Bloomberg | Bloomberg | Getty Images Meta shares hit a record

Joby Aviation stock pops 14% after delivering first flying taxi to UAE

An electric air taxi by Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | Reuters Joby Aviation stock soared

Drug labelling norms under review: Expiry date readability flagged; govt panel to examine packaging reforms

India’s top drug regulator has set up a sub-committee to revamp labelling norms on medicinal products after receiving consumer complaints about illegible expiry dates and glossy packaging that hampers readability.The

NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down

Word Count: 159 | Estimated Reading Time: 1 minute

Kurt Sievers, chief executive officer of NXP Semiconductors NV, during the Federation of German Industries (BDI) conference in Berlin, Germany, on Monday, June 19, 2023.

Liesa Johannssen-Koppitz | Bloomberg | Getty Images

NXP Semiconductor Inc. fell about 6% on Monday after the chip company announced that CEO Kurt Sievers will step down as part of its latest earnings.

Here’s how the company did, versus LSEG consensus estimates:

Earnings per share: $2.64 adjusted vs. $2.58 expected
Revenue: $2.84 billion vs. $2.83 billion expected

Sievers will retire at the end of the year, with Rafael Sotomayor stepping in as president on April 28, 2025.

The company beat expectations on the top and bottom lines but cited a “challenging set of market conditions” looking forward.

“We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects,” Sievers said in an earnings release.

The company posted $1.67 billion in auto sales during the first quarter, trailing analyst estimates of $1.69 billion.

This is breaking news. Please refresh for updates.

Source link