NXP Semiconductors stock pops as Q1 earnings and revenue top expectations

NXP Semiconductors NV (NASDAQ:NXPI) shares surged 25% following the company's first quarter earnings report, which showed results ahead of Wall Street expectations and a stronger-than-expected outlook for the current quarter. For the quarter ended in early April, NXP reported revenue of $3.18 billion, above analyst estimates of $3.12 billion and up 12% year over year.