Wall Street divided on auto chip recovery expectations: NXP (NXPI.US) hits record performance but falls 8%, growth acceleration yet to be proven

According to Zhitong Finance APP, NXP Semiconductors (NXPI.US) delivered a third-quarter financial report with record revenue and profits, but the market reacted negatively. Before the market opened on Wednesday, the stock fell 8%. The immediate cause was not the performance itself, but slightly lower-than-expected fourth-quarter revenue guidance and the growing gap between its outlook and that of its industry peers.