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NXP: 3Q Earnings Snapshot

EINDHOVEN, Netherlands (AP) _ NXP Semiconductors NV (NXPI) on Wednesday reported third-quarter profit of $1.82 billion.

On a per-share basis, the Eindhoven, Netherlands-based company said it had profit of $5.60. Earnings, adjusted for one-time gains and costs, came to $2.01 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.

The chipmaker posted revenue of $2.44 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $2.43 billion.

For the current quarter ending in December, NXP said it expects revenue in the range of $2.32 billion to $2.47 billion.

NXP shares have fallen 35 percent since the beginning of the year. The stock has fallen 35 percent 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