(Reuters) – NXP Semiconductors forecast third-quarter revenue below market estimates on Monday, as it battles slowing demand from automotive customers and rising geopolitical risks, sending its shares down about 8% in extended trading.
The company forecast revenue in the range of $3.15 billion to $3.35 billion, compared to analysts’ average estimate of $3.36 billion, according to LSEG data.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Sriraj Kalluvila)
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