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NXP Semiconductors Q3 results top estimates; Q4 guidance in line
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Investing.com — NXP Semiconductors on Monday reported third-quarter results that topped Wall Street estimates.
NXP Semiconductors NV (NASDAQ:NXPI) shares were flat in after-hours trading following the report.
NXP reported EPS of $3.70 on revenue of $3.43 billion. Analysts polled by investing.com anticipated EPS of $3.61 on revenue of $3.40B.
The automotive unit, which drives the bulk of growth, reported a 5% rise year-on-year to $1.89B.
The IoT unit saw revenue decline 15% in Q3 year-on-year, while mobile revenue was down 8% year-on-year.
Looking ahead, the company guided Q4 adjusted EPS of $3.65 on revenue of $3.4B. That compared with estimates for $3.65 a share on revenue of $3.43B.
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