NXP Semiconductors NV (NXPI) on Monday reported fourth-quarter earnings of $722 million.
On a per-share basis, the Eindhoven, Netherlands-based company said it had profit of $2.76. Earnings, adjusted for non-recurring costs and stock option expense, were $3.73 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.60 per share
EINDHOVEN, Netherlands (AP) _ NXP Semiconductors NV (NXPI) on Monday reported fourth-quarter earnings of $722 million.
On a per-share basis, the Eindhoven, Netherlands-based company said it had profit of $2.76. Earnings, adjusted for non-recurring costs and stock option expense, were $3.73 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.60 per share.
The chipmaker posted revenue of $3.31 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $3.28 billion.
For the year, the company reported profit of $2.79 billion, or $10.55 per share. Revenue was reported as $13.21 billion.
For the current quarter ending in March, NXP expects its per-share earnings to range from $2.82 to $3.22.
The company said it expects revenue in the range of $2.9 billion to $3.1 billion for the fiscal first quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a NXPI">Zacks stock report on NXPI at https://www.zacks.com/ap/NXPI