NXP Semi Tops Estimates, Offers Upbeat Guidance

NXP Semiconductors, the chipmaker focused on the auto and mobile-phone industries and others, reported a narrower-than-expected third-quarter loss and offered upbeat guidance for the fourth quarter. 

In the quarter the Eindhoven, Netherlands, company lost 8 cents a share compared with a profit of 38 cents a share in the year-earlier period. 

Revenue was essentially flat with a year ago at $2.3 billion.

A survey of analysts by FactSet produced consensus estimates of a loss of 33 cents a share, on revenue of $2.24 billion.

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