EINDHOVEN, Netherlands (AP) — EINDHOVEN, Netherlands (AP) — NXP Semiconductors NV (NXPI) on Monday reported first-quarter net income of $639 million.
The Eindhoven, Netherlands-based company said it had profit of $2.47 per share. Earnings, adjusted for one-time gains and costs, came to $3.24 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.18 per share.
The chipmaker posted revenue of $3.13 billion in the period, matching Street forecasts.
For the current quarter ending in June, NXP expects its per-share earnings to range from $3 to $3.41.
The company said it expects revenue in the range of $3.03 billion to $3.23 billion for the fiscal second quarter.
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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
