NXP Semiconductors N.V. (NASDAQ:NXPI) reported financial results for the third quarter after the market close on Monday. Here’s a look at the key details from the Dutch semiconductor company’s report.

Q3 Highlights: NXP reported third-quarter revenue of $3.02 billion, missing analyst estimates of $3.16 billion, according to Benzinga Pro. The chipmaker reported adjusted earnings of $3.11 per share for the third quarter, in line with analyst estimates.

Total revenue was down 2% on a year-over-year basis. NXP generated $585 million in cash flow from operations and $509 million of free cash flow in the quarter.

“We experienced broad-based sequential improvement across all regions and end markets,” said Rafael Sotomayor, president and incoming CEO of NXP Semiconductors.

The company returned $54 million to shareholders during the quarter via buybacks and $256 million through dividends. NXP ended the period with approximately $3.45 billion in cash and cash equivalents.

What’s Next: NXP expects fourth-quarter revenue of $3.2 billion to $3.4 billion versus estimates of $3.24 billion. The company sees fourth-quarter adjusted earnings in the range of $3.07 to $3.49 per share, versus estimates of $3.29 per share.

“Our outlook reflects the strength of our company specific growth drivers and signs of a cyclical recovery. We remain focused on disciplined investment and portfolio enhancement to drive profitable growth, while maintaining control over the factors we can influence,” Sotomayor said.

NXPI Price Action: NXP Semiconductors shares were up 1.17% in after-hours trading on Monday, trading at $224.15 at the time of publication, according to Benzinga Pro.