NXP Bullish on Future With Freescale in Fold

by Dylan McGrath - EETimes

SAN FRANCISCO, Apr. 27, 2016 – 

NXP Semiconductors NV said Tuesday (April 26) that its $12 billion acquisition of Freescale Semiconductor Inc. is already paying dividends, as the company forecast revenue for the second quarter that generally beat analysts' expectations.

NXP (Eindhoven, the Netherlands) said it expects sales for the second quarter to be between $2.3 billion and $2.4 billion, the mid-point of which exceeds the consensus of analysts' expectations of $2.34 billion. The company said it expects its performance to be paced by strong sales of automotive products.

NXP also reported sales and profit for the first quarter that narrowly beat Wall Street's estimates. The company reported sales for the first quarter of $2.2 billion, up 38% compared with the previous quarter and up 52% from the first quarter of 2015.

 Back