-=NXP Semi (NXPI) reported Q1 earnings on Tue 26 Apr 2016 (b/o)

NXP Semi beats by $0.03, reports revs in-line; guides Q2 EPS in-line, revs in-line :

• Reports Q1 (Mar) earnings of $1.14 per share, $0.03 better than the Capital IQ Consensus of $1.11; revenues rose 51.6% year/year to $2.22 bln vs the $2.21 bln Capital IQ Consensus.
• Co issues in-line guidance for Q2, sees EPS of $1.30-1.40 vs. $1.32 Capital IQ Consensus Estimate; sees Q2 revs of $2.3-2.4 bln vs. $2.33 bln Capital IQ Consensus Estimate.
• Co's Commentary on outlook: "...While we anticipate many of the headwinds experienced in the second half of 2015 should begin to generally subside in the coming quarters, the overall demand environment currently continues to be subdued."