EINDHOVEN, Netherlands (AP) 鈥� EINDHOVEN, Netherlands (AP) 鈥� NXP Semiconductors NV (NXPI) on Tuesday reported second-quarter net income of $767 million.
On a per-share basis, the Eindhoven, Netherlands-based company said it had net income of $3.02. Earnings, adjusted for one-time gains and costs, were $3.61 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share.
The chipmaker posted revenue of $3.5 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.47 billion.
For the current quarter ending in September, NXP expects its per-share earnings to range from $3.89 to $4.32.
The company said it expects revenue in the range of $3.65 billion to $3.85 billion for the fiscal third quarter.
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