EINDHOVEN, Netherlands (AP) _ NXP Semiconductors NV (NXPI) on Monday reported fourth-quarter earnings of $602 million.
The Eindhoven, Netherlands-based company said it had net income of $2.24 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $3.08 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.01 per share.
The chipmaker posted revenue of $3.04 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $3 billion.
For the year, the company reported profit of $1.87 billion, or $6.79 per share. Revenue was reported as $11.06 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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