EINDHOVEN, Netherlands (AP) _ NXP Semiconductors NV (NXPI) on Monday reported third-quarter profit of $519 million.
On a per-share basis, the Eindhoven, Netherlands-based company said it had profit of $1.91. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.82 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.
The chipmaker posted revenue of $2.86 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $2.85 billion.
For the current quarter ending in December, NXP said it expects revenue in the range of $2.93 billion to $3.08 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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