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NXP Semiconductors Announces Third Quarter 2010 Results

Thu, 11/11/2010 - 11:21am
PowerPulse.net

NXP Semiconductors N.V. reported financial results for its third quarter 2010, and provided guidance for the fourth quarter.

"The third quarter represented our sixth consecutive quarter of growth and significant operational improvement, as we continue to execute on our High Performance Mixed Signal solutions strategy," said Richard Clemmer, NXP Chief Executive Officer. "Compared to the year ago quarter, revenue was up 25% on a comparable basis and NXP achieved 17.4% non-GAAP operating margin as we continued to see good results from our Redesign Program.

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