U.S. Markets close in 3 hrs 54 mins

NXP: 1Q Earnings Snapshot

EINDHOVEN, Netherlands (AP) _ NXP Semiconductors NV (NXPI) on Monday reported a first-quarter loss of $21 million, after reporting a profit in the same period a year earlier.

The Eindhoven, Netherlands-based company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.95 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.

The chipmaker posted revenue of $2.09 billion in the period, which met Street forecasts.

NXP shares have climbed 34% since the beginning of the year. The stock has decreased 7% in the last 12 months.

_____

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