EINDHOVEN, Netherlands (AP) — EINDHOVEN, Netherlands (AP) — NXP Semiconductors NV (NXPI) on Monday reported fourth-quarter earnings of $697 million.

The Eindhoven, Netherlands-based company said it had profit of $2.68 per share. Earnings, adjusted for one-time gains and costs, were $3.71 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.64 per share.

The chipmaker posted revenue of $3.42 billion in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $3.4 billion.

For the year, the company reported profit of $2.8 billion, or $10.70 per share. Revenue was reported as $13.28 billion.

For the current quarter ending in March, NXP expects its per-share earnings to range from $2.97 to $3.38.

The company said it expects revenue in the range of $3.03 billion to $3.23 billion for the fiscal first quarter.

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