NXP Semiconductors (NXPI) Reports Q4 EPS of $0.40, Offers Q1 Guidance
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NXP Semiconductors Reports Fourth Quarter and Full-year 2019 Results
February 3, 2020 5:00 PM ESTEINDHOVEN, The Netherlands, Feb. 03, 2020 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ: NXPI) today reported financial results for the fourth quarter and full year 2019, ended December 31, 2019.
NXP delivered full-year revenue of $8.88 billion, a decline of 6 percent year-on-year, against a very challenging semiconductor industry backdrop. As we look forward to 2020, we are increasingly confident that the demand trends within our end markets are beginning to moderately improve. Notwithstanding the operating environment we experienced in 2019, NXP drove improved profitability, strong free cash flow generation, and continued to successfully execute our strategy within our target markets.... More
