NXP reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.09 on revenue of $2.39B. Analysts polled by expected EPS of $2.08 on revenue of $2.38B. That compared to EPS of $1.96 on revenue of $2.39B in the same period a year earlier. The company had reported EPS of $2.01 on revenue of $2.45B in the previous quarter.
NXP follows other major Technology sector earnings this month
On January 24, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.
SAP ADR earnings missed analyst's expectations on January 29, with fourth quarter EPS of $1.72 on revenue of $8.49B. analysts expected EPS of $1.78 on revenue of $8.24B
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