NXP Semiconductors (NXPI) Tops Q4 EPS by 37c, Revs Beat

After the close, NXP Semiconductors (NASDAQ: NXPI) reported Q4 EPS of $2.17, $0.37 better than the analyst estimate of $1.80. Revenue for the quarter came in at $2.46 billion versus the consensus estimate of $2.34 billion.

“We continue to believe that our transaction with Qualcomm is critical to supporting our customers’ long term requirements in both autonomous driving and secure IoT given our complimentary product portfolios, Qualcomm’s strength in connectivity and high end processing and the difficulty of organically building leadership solutions. We are working diligently to close our transaction in early 2018. As of January 18th, the only outstanding governmental regulatory approval required is from the Ministry of Commerce (“MOFCOM”) of the Government of China. Once obtained, the companies can execute the final tender offer process. Finally, I would like to personally thank all our employees for their focus and significant effort they have invested to assure NXP’s success and to thank all our customers for their commitment to NXP,” said Richard Clemmer, NXP Chief Executive Officer.

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

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