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NXP Semiconductors profit misses consensus by 36.5% in fiscal Q3

NXP Semiconductors NV said its normalized net income for the fiscal third quarter ended Oct. 4 was 95 cents per share, compared with the S&P Capital IQ consensus estimate of $1.50 per share.

EPS increased 229.5% year over year from 29 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $230.1 million, a gain of 223.6% from $71.1 million in the third quarter ended Sept. 28, 2014.

The normalized profit margin climbed to 15.1% from 4.7% in the year-earlier period.

Total revenue came to $1.52 billion, compared with $1.51 billion in the year-earlier period, and total operating expenses fell 5.4% from the prior-year period to $1.14 billion from $1.21 billion.

Reported net income rose 198.6% year over year to $360.8 million, or $1.49 per share, from $120.8 million, or 49 cents per share.