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.