NXP Semiconductors N.V. (NXPI) reported a decline in profits for the fourth quarter compared to the same timeframe the previous year, though the results surpassed analysts' expectations.
The company recorded a net income of $495 million, equating to $1.93 per share, down from $697 million, or $2.68 per share, in the prior year.
After adjusting for specific items, NXP Semiconductors revealed an adjusted profit of $817 million, or $3.18 per share. This performance slightly exceeded analysts' consensus projections, which anticipated earnings of $3.13 per share, typically excluding special items.
Revenue for the quarter dropped by 9.1%, to $3.111 billion, from the previous year's $3.422 billion.
Here's a quick summary of NXP Semiconductors N.V.'s earnings (as per GAAP standards):
- Net Income: $495 million, compared to $697 million last year.
- Earnings Per Share (EPS): $1.93, down from $2.68 a year ago.
- Revenue: $3.111 billion compared to last year's $3.422 billion.
