EINDHOVEN, Netherlands (AP) — EINDHOVEN, Netherlands (AP) — NXP Semiconductors NV (NXPI) on Monday reported fourth-quarter earnings of $455 million.
The Eindhoven, Netherlands-based company said it had net income of $1.79 per share. Earnings, adjusted for one-time gains and costs, came to $3.35 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.30 per share.
The chipmaker posted revenue of $3.34 billion in the period, which also beat Street forecasts. Ten analysts surveyed by Zacks expected $3.3 billion.
For the year, the company reported profit of $2.02 billion, or $7.95 per share. Revenue was reported as $12.27 billion.
For the current quarter ending in March, NXP expects its per-share earnings to range from $2.77 to $3.17.
The company said it expects revenue in the range of $3.05 billion to $3.25 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 Zacks stock report on NXPI at https://www.zacks.com/ap/NXPI
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