EINDHOVEN, Netherlands (AP) — EINDHOVEN, Netherlands (AP) — NXP Semiconductors NV (NXPI) on Monday reported second-quarter profit of $445 million.
The Eindhoven, Netherlands-based company said it had net income of $1.75 per share. Earnings, adjusted for one-time gains and costs, came to $2.72 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.66 per share.
The chipmaker posted revenue of $2.93 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $2.9 billion.
For the current quarter ending in September, NXP expects its per-share earnings to range from $2.89 to $3.30.
The company said it expects revenue in the range of $3.05 billion to $3.25 billion for the fiscal third quarter.
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