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NXP Semiconductors sales dip 1% to USD 2.2 bln in Q1

Friday 5 May 2017 | 10:21 CET | News
NXP Semiconductors reported revenues of USD 2.21 billion in the first quarter, down 1 percent year-on-year due above all to a 3 percent decline in product sales. The gross margin expanded to 48.8 percent from 26.8 percent a year ago, and the reported net income attributable to shareholders came in at USD 1.31 billion versus a USD 398 million net loss in the year-earlier quarter. NXP also reduced its gross debt to USD 6.5 billion from USD 9.2 billion a year earlier.

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Categories: Mobile & Wireless
Companies: Freescale Semiconductor / NXP Semiconductors / Qualcomm
Countries: World
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