04:36 PM EST, 11/04/2024 (MT Newswires) -- NXP Semiconductors ( NXPI ) reported Q3 adjusted earnings late Monday of $3.45 per diluted share, down from $3.70 a year earlier.

Analysts surveyed by Capital IQ expected $3.43.

Revenue for the quarter ended Sept. 29 was $3.25 billion, down from $3.43 billion a year earlier.

Analysts polled by Capital IQ projected $3.25 billion.

For fiscal Q4, the chipmaker said it expects non-GAAP EPS of between $2.93 and $3.33. Analysts surveyed by Capital IQ expect $3.64.

The company also expects revenue for the quarter of between $3 billion and $3.20 billion. Analysts polled by Capital IQ expect $3.36 billion.

Shares of NXP Semiconductors ( NXPI ) were down 5.5% in after-hours activity.