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NXP: 3Q Earnings Snapshot

EINDHOVEN, Netherlands (AP) _ NXP Semiconductors NV (NXPI) on Monday reported third-quarter profit of $109 million.

The Eindhoven, Netherlands-based company said it had profit of 38 cents per share. Earnings, adjusted for one-time gains and costs, were $2.42 per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The chipmaker posted revenue of $2.27 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $2.24 billion.

For the current quarter ending in December, NXP said it expects revenue in the range of $2.24 billion to $2.3 billion.

NXP shares have climbed 48% since the beginning of the year. In the final minutes of trading on Monday, shares hit $108.65, a climb of 53% 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