EINDHOVEN, The Netherlands (AP) – NXP Semiconductors NV (NXPI) reported fourth-quarter earnings of $ 309 million on Monday.
The Eindhoven, Netherlands-based firm mentioned it had a revenue of $ 1.08 per share. Earnings, adjusted for non-recurring prices and inventory choice bills, had been $ 2.68 per share.
The outcomes exceeded Wall Road expectations. The typical estimate of 12 analysts surveyed by Zacks Funding Analysis was earnings of $ 2.11 per share.
The chipmaker posted income of $ 2.51 billion within the interval, which additionally beat Road’s forecasts. 9 analysts surveyed by Zacks anticipated $ 2.47 billion.
For the 12 months, the corporate reported earnings of $ 52 million, or 18 cents a share. Income was reported at $ eight.61 billion.
For the present quarter ending in April, NXP mentioned it expects income within the vary of $ 2.48 billion to $ 2.63 billion.
NXP shares have risen almost eight% because the starting of the 12 months. Within the last minutes of buying and selling on Monday, the inventory hit $ 171.53, a 30% rise over the previous 12 months.
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