NXP Semiconductors NV (NXPI) on Monday reported second-quarter earnings of $698 million
EINDHOVEN, Netherlands (AP) — EINDHOVEN, Netherlands (AP) — NXP Semiconductors NV (NXPI) on Monday reported second-quarter earnings of $698 million.
On a per-share basis, the Eindhoven, Netherlands-based company said it had profit of $2.67. Earnings, adjusted for stock option expense and amortization costs, came to $3.43 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.27 per share.
The chipmaker posted revenue of $3.3 billion in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $3.2 billion.
For the current quarter ending in September, NXP expects its per-share earnings to range from $3.39 to $3.82.
The company said it expects revenue in the range of $3.3 billion to $3.5 billion for the fiscal third quarter.
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