Web revenue totaled $320 million, or $1.08 per share, up from $123 million, or 40 cents a share within the year-ago quarter. The FactSet analyst consensus known as for EPS of 89 cents a share.
NXP registered income of $2.51 billion, rising 9% from $2.30 billion final 12 months and topping the analyst consensus of $2.46 billion.
NXP shares lately traded at traded at $167.01, down 2.64% after hours. They climbed 6.89% in the course of the common session Monday, and have jumped 46% during the last six months.
“In the course of the first half of the 12 months, NXP was confronted with the unprecedented shut down of our prospects in most finish markets and geographies due to the worldwide pandemic,” Chief Government Kurt Sievers mentioned in an announcement.
“As we entered the second half of 2020, and our prospects started to re-open, NXP skilled a really sturdy rebound in demand, which we anticipate persevering with all through 2021. Within the fourth quarter, … we skilled particularly sturdy traits within the automotive and cellular finish markets.”
Additional, “However a tumultuous 2020, income related to key strategic progress areas accelerated all year long,” Sievers mentioned.
Morningstar analyst Brian Colello charges the corporate with a slender moat. “NXP Semiconductors is the biggest provider of semiconductors for the automotive market and a big pressure within the analog and micro-components markets typically,” he wrote final 12 months.
“We imagine the agency has a sturdy place within the automotive, industrial, and communications infrastructure markets as a consequence of a mixture of switching prices and intangible belongings,” wrote Colello.