NXP Rides Mobile Payment Chips, iPhone To Big Profit

By | February 5, 2015

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NXP Semiconductors (NXPI), maker of chips for mobile payments and other industries, reported better-than-expected fourth-quarter earnings and sales growth late Wednesday. The Dutch-based company earned $1.35 a share excluding various items, up 36% vs. a year earlier and 3 cents above views. Revenue climbed 19% to $1.537 billion, about $30 million better than analyst forecasts. “2014 was a very good year for NXP,” said CEO Richard Clemmer in a Scalper1 News

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