EINDHOVEN, Netherlands (AP) _ NXP Semiconductors NV (NXPI) on Monday reported fourth-quarter earnings of $309 million.
The Eindhoven, Netherlands-based company said it had profit of $1.08 per share. Earnings, adjusted for non-recurring costs and stock option expense, were $2.68 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.
The chipmaker posted revenue of $2.51 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $2.47 billion.
For the year, the company reported profit of $52 million, or 18 cents per share. Revenue was reported as $8.61 billion.
For the current quarter ending in April, NXP said it expects revenue in the range of $2.48 billion to $2.63 billion.
NXP shares have climbed nearly 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $171.53, a climb of 30% in the last 12 months.