NXP Semiconductors NV Rides the Internet of Things Like a Champion

Netherlands-based semiconductor maker NXP Semiconductors (NASDAQ:NXPI) reported second-quarter results after the close of extended trading on Wednesday. Was the late-night report worth the wait? You be the judge.The Street's revenue view turned out to be right on target, but NXP beat the bottom-line estimate with adjusted earnings of $1.44 per diluted share. The earnings figure also exceeded NXP's own guidance for the quarter.Year-over-year revenue growth was driven primarily by 39% higher sales of chips destined for secure connected devices, followed by a 29% boost for secure interfaces and power. For those in the know, these two divisions fit snugly in the Internet of Things megatrend, powering various parts of the connected devices all around you.