EINDHOVEN, Netherlands (AP) _ NXP Semiconductors NV (NXPI) on Monday reported first-quarter earnings of $657 million.

On a per-share basis, the Eindhoven, Netherlands-based company said it had profit of $2.48. Earnings, adjusted for amortization costs and stock option expense, were $3.45 per share.

The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.18 per share.

The chipmaker posted revenue of $3.14 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $3.1 billion.

For the current quarter ending in July, NXP said it expects revenue in the range of $3.18 billion to $3.38 billion.

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

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