U.S. Markets closed

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