NXP: 4Q Earnings Snapshot

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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.

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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