NXP Semiconductors (NXPI) Tops Q3 EPS by 4c; Guides Above the Street

NXP Semiconductors (NASDAQ: NXPI) reported Q3 EPS of $1.35, $0.04 better than the analyst estimate of $1.31. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.5 billion.

NXP Semiconductors sees Q4 2014 EPS of $1.26-$1.36, versus the consensus of $1.18. NXP Semiconductors sees Q4 2014 revenue of $1.485-1.545 billion, versus the consensus of $1.43 billion.

"Our top-line results for the third quarter of 2014 were above the mid-point of our guidance, as total NXP revenue in the quarter was $1,515 million, a 12 percent sequential improvement and a 21 percent increase year-on-year. Our third quarter results were a direct reflection of strong HPMS product cycles across the entire product portfolio," said Richard Clemmer, NXP Chief Executive Officer.

For earnings history and earnings-related data on NXP Semiconductors (NXPI) click here.

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