Investing.com — NXP Semiconductors reported Monday fourth-quarter results that topped Wall Street estimates, and the auto chipmaker delivered guidance that was in-line with expectations.
NXP Semiconductors NV (NASDAQ:NXPI) shares were up more than 2% in after-hours trading following the report.
NXP Semiconductors NV (NASDAQ:NXPI) adjusted diluted earnings per share of $3.71 on revenue of $3.42 billion. Analysts polled by investing.com anticipated EPS of $3.65 on revenue of $3.4B.
The beat was driven by a stronger performance in its automotive chip business, which saw revenue grow 5% to $1.90B in Q4 from a year earlier. Industrial and internet of things, or IoT, revenue was up 9% in Q4 year-on-year, while mobile revenue was flat year-on-year.
For Q1, the company guided adjusted EPS of between $2.97 to $3.38 on revenue in a range of $3.03B to $3.23B, that compared with estimates for $3.19 on revenue of $3.18B.
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