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via finance.yahoo.comBusiness & Companies

Nordic Semi Q3 core earnings more than double as revenue rises on chip demand

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com-- Nordic Semiconductor reported a more than twofold rise in its third-quarter core earnings on Thursday, as the Norwegian chipmaker benefited from strong demand for its low-power wireless chips. Still guessing which stocks will beat the market? Our AI portfolio…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishVery strong quarterly results for a mid-sized chipmaker.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Adjusted EBITDA rose to $39.8 million from $18.3 million.
  2. 02Revenue grew 31.6% to $235.5 million.
  3. 03Gross margin improved to 52.8% from 51.9%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Nordic Semiconductor ASANOD.OLStock172.60 NOK-1.09%today -2.04%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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