NXP Semiconductors Reports Better-Than-Expected Q4 Results: Details

NXP Semiconductors NV NXPI reported its fourth-quarter financial results after Monday’s closing bell. Here’s a look at the details from the report. 

The Details: NXP Semiconductors reported quarterly earnings of $3.18 per share, which beat the analyst consensus estimate of $3.14. Quarterly revenue came in at $3.11 billion which beat the analyst consensus estimate of $3.104 billion and is a decrease from sales of $3.42 billion from the same period last year.

Fourth-quarter non-GAAP gross margin was 57.5% and non-GAAP operating margin was 34.2%.

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The company will host a conference call to discuss the results on Tuesday at 8 a.m. ET.

Outlook: NXP Semiconductors sees first-quarter earnings of between $2.39 and $2.79 per share, versus the $2.68 estimate, and revenue in a range of $2.725 billion to $2.925 billion, versus the $2.892 billion estimate.

NXPI Price Action: According to data from Benzinga Pro, NXP Semiconductors shares are up 1.60% after-hours at $204.73 on Monday.  

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Image: Courtesy of NXP Semiconductors N.V.