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NXP +5.4% after Q3 beats, in-line outlook

Oct. 28, 2019 5:15 PM ETNXP Semiconductors N.V. (NXPI) StockNXPIBy: Brandy Betz, SA News Editor23 Comments
  • NXP Semiconductors (NASDAQ:NXPI) +5.4% reports upside Q3 revenue of $2.3B (-7% Y/Y) and beats EPS estimates by $0.12. The in-line Q4 guidance sees revenue of $2.24-2.3B (consensus: $2.27B) and operating income of $670-702M (consensus: $699.1M).
  • Revenue breakdown: Auto, $1.05B (-7% Y/Y) Industrial & IoT, $426M (-14%); Mobile, $321M (+2%); Comm. Infrastructure & Other, $470M (-2%).
  • Gross margin was 53.7%, matching the consensus and slightly above last year's 53%. Operating margin was 30.3%.
  • Cash flow from operations came in at $746M. FCF totaled $631M in the quarter.
  • Earnings call starts at 8 AM ET tomorrow morning with a webcast here.
  • Press release.

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