NXP stock pares session gains following results after hours

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NXP Semiconductors NV
NXPI,
+6.89%
shares declined in the extended session Monday after the chip maker reported quarterly results. NXP shares fell 2.1% after hours, following a 6.9% rise in the regular session to close at $171.53. The company reported fourth-quarter net income of $309 million, or $1.08 a share, compared with $114 million, or 40 cents a share, in the year-ago period. Revenue rose to $2.51 billion from $2.3 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast 89 cents a share on revenue of $2.46 billion. NXP forecast revenue of $2.48 billion to $2.63 billion for the first quarter, while analysts had estimated revenue of $2.33 billion.

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