NXP Semiconductors NV Earnings: Here’s Why Investors are Buying Shares Now

NXP Semiconductors NV (NASDAQ:NXPI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.38%.

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NXP Semiconductors NV Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 278.95% to $0.72 in the quarter versus EPS of $0.19 in the year-earlier quarter.

Revenue: Rose 10.94% to $1.09 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: NXP Semiconductors NV reported adjusted EPS income of $0.72 per share. By that measure, the company beat the mean analyst estimate of $0.49. It beat the average revenue estimate of $1.07 billion.

Quoting Management: “Our revenue results for the first quarter of 2013 came in at the higher end of our guidance, as NXP delivered Product revenue of $1,055 million, a two percent sequential decline, and a fifteen percent increase from the comparable year ago period. Total NXP revenue in the first quarter was $1,085 million, a three percent sequential decline, and an eleven percent increase from the comparable year ago period,” said Richard Clemmer, NXP Chief Executive Officer.

Key Stats (on next page)…

Revenue decreased 2.78% from $1.12 billion in the previous quarter. EPS increased 44% from $0.50 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.59 to a profit $0.62. For the current year, the average estimate has moved up from a profit of $2.53 to a profit of $2.67 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)