Investing.com -- NXP Semiconductors NV (NASDAQ: NXPI) shares were trading up 2% after the closing bell following its fourth-quarter earnings and revenue that slightly topped analyst estimates, but its first-quarter forecast came in below Wall Street expectations.

The Dutch chipmaker reported earnings per share of $3.18, beating analysts’ average estimate of $3.14. Revenue for the quarter fell 9% year-over-year to $3.11 billion, slightly above consensus estimates of $3.1 billion.

NXP expects earnings per share between $2.29 and $2.79, for the first quarter of 2025, compared with the consensus estimate of $2.69. The company also guided for revenue between $2.725 billion and $2.925 billion, falling short of analysts’ expectations of $2.92 billion at the midpoint.

“NXP delivered resilient results throughout 2024, reflecting solid execution, consistent gross margin, and healthy free cash flow generation despite a challenging market environment,” CEO Kurt Sievers said.

The company’s gross margin for the fourth quarter stood at 53.9%.

NXP supplies chips to the automotive, industrial, and consumer electronics sectors, has been navigating a weak demand environment.