NXP shares slide after weak revenue forecast

NXP Semiconductors NV issued a weaker revenue forecast than analysts expected, sending its shares lower in late trading. The auto and industrial chipmaker's outlook raised fears that a recovery in demand is slowing.

• NXP's revenue forecast came in below analyst estimates
• Shares fell in after-hours trading
• The company makes chips for auto and industrial customers
• Investors fear the demand recovery is slowing