NXP: Q1 Earnings Snapshot
By Ap News
Published - Apr 29, 2024, 04:29 PM ET
Last Updated - Apr 29, 2024, 04:30 PM EDT
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.
