NXP Semiconductors (NXPI) Q4 Revenues Beat, Q1 Revenue Guidance Falls Shortas

Late Wednesday, NXP Semiconductors (NASDAQ: NXPI) reported Q4 EPS of $0.94, which may not compare to the analyst estimate of $2.08. Revenue for the quarter came in at $2.4 billion versus the consensus estimate of $2.38 billion.

"NXP delivered greater than 5 percent growth in Auto and Secure Connected Devices, resulting in total revenue of $9.41 billion, an increase of 2 percent year-on-year. Our teams continue to be fully focused on driving our long-term strategy, with a very strong pipeline of innovative solutions and excellent customer traction. However, demand has weakened for the first quarter, primarily in the automotive and industrial end-markets in China.” said Richard Clemmer, NXP Chief Executive Officer.

GUIDANCE:

NXP Semiconductors sees Q1 2019 revenue of $2.02-2.16 billion, versus the consensus of $2.26 billion.

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

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