=NXP Semi (NXPI) reported earnings on Mon 28 Oct 19 (a/h)

NXP Semi reports Q3 (Sep) results, beats on revs, improves margins; guides Q4 revs in-line

Reports Q3 (Sep) earnings of $0.38 per share, may not be comparable to the S&P Capital IQ Consensus of $1.93; revenues fell 7.4% year/year to $2.27 bln vs the $2.24 bln S&P Capital IQ Consensus.

• Non-GAAP gross margin was 53.7 percent (Q2 53.3%), and non-GAAP operating margin was 30.3 percent (Q2 28.9%);

Co issues in-line guidance for Q4, sees Q4 revs of $2.240-2.300 bln, excluding non-recurring items, vs. $2.27 bln S&P Capital IQ Consensus. Sees Gross Profit in the range of $1.178-1.224 bln; Sees Gross margin in the range of 52.6-53.2%; Operating Margin in the range of 8.4-9.6%.