NXP Semiconductors delivers upbeat outlook as Q2 results top estimates

Investing.com — NXP Semiconductors , a major supplier of chips to the automotive industry, reported Monday an upbeat outlook on current-quarter revenue after delivering second-quarter results that topped Wall Street estimates.

NXP Semiconductors NV (NASDAQ:) NV shares were up 1% in after-hours trading following the report.

NXP  diluted earnings per share of $3.43 on revenue of $3.30 billion. Analysts polled by investing.com anticipated EPS of $3.28 on revenue of $3.21B.

The company, which makes the bulk of its revenue from the automotive industry, saw automotive revenue climb 9% to $1.87B year-on-year in Q2. 

For the third quarter, the company guided adjusted earnings per share in the range of $3.39 to $3.82 on revenue of $3.30B to $3.50B. That compared with estimates for $3.42 a share on revenue of $3.31B.