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NXP: 3Q Earnings Snapshot

·1 min read

EINDHOVEN, Netherlands (AP) _ NXP Semiconductors NV (NXPI) on Monday reported a third-quarter loss of $22 million, after reporting a profit in the same period a year earlier.

The Eindhoven, Netherlands-based company said it had a loss of 8 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.70 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.

The chipmaker posted revenue of $2.27 billion in the period, which met Street forecasts.

For the current quarter ending in December, NXP said it expects revenue in the range of $2.38 billion to $2.53 billion.

NXP shares have risen 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $134.89, a rise of 27% in the last 12 months.

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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