| | | NXP Semiconductors Q4 Profit, Revenue Firm Over Year Ago Levels But Margin Lags, Sets Guidance -- Stock Down 2% After-Hours
MT NEWSWIRES 4:19 PM ET 2/1/2021
Symbol Last Price Change | NXPI | 171.53 | +11.06 (+6.8923%) | | QUOTES AS OF 04:00:01 PM ET 02/01/2021 |
04:19 PM EST, 02/01/2021 (MT Newswires) -- NXP Semiconductors(NXPI) on Monday reported a net income of $1.08 per share in Q4, rising sharply from $0.40 per share a year earlier, outshining analysts' estimates of $0.80 per share in a Capital IQ poll.
Revenue grew 9% to $2.51 billion from a year ago, also ahead of the $2.46 billion estimate. GAAP gross margin was 51.4% in Q4, against the Street estimates of 52.66%.
The company said its CFO Peter Kelly plans to retire as of February this year and it will search for a replacement.
For Q1, NXP expects revenue of $2.475 billion to $2.625 billion and operating income of $468 million to $543 million, against the Street estimates of $2.31 billion for revenue. It forecasts gross margin of 51.8% to 52.5%, against market consensus of 52.84%.
Price: 167.00, Change: -4.53, Percent Change: -2.64 |
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