NXP underlying revenue falls 11% in Q1

Tuesday 26 April 2016 | 09:29 CET | News
NXP Semiconductors reported first-quarter revenues of USD 2.2 billion, an increase of almost 52 percent year-on-year following its merger with Freescale. On a quarterly basis, revenue rose 38.5 percent. NXP said demand was strong for its auto products, where revenue grew 167 percent year-on-year to USD 805 million. However, the industry headwinds seen in H2 2015 had continued, and overall demand was "subdued", the company said. On a comparable basis, its revenues were down 11 percent year-on-year in Q1. The company recorded a net loss of USD 398 million or USD 1.16 per share for the quarter

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Categories: General
Companies: NXP Semiconductors
Countries: World
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