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NXP: Q2 Earnings Snapshot

EINDHOVEN, Netherlands (AP) — EINDHOVEN, Netherlands (AP) — NXP Semiconductors NV (NXPI) on Monday reported second-quarter profit of $658 million.

On a per-share basis, the Eindhoven, Netherlands-based company said it had net income of $2.54. Earnings, adjusted for one-time gains and costs, came to $3.20 per share.

The results met Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of $3.20 per share.

The chipmaker posted revenue of $3.13 billion in the period, also meeting Street forecasts.

For the current quarter ending in September, NXP expects its per-share earnings to range from $3.21 to $3.63.

The company said it expects revenue in the range of $3.15 billion to $3.35 billion for the fiscal third quarter.

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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