NXP Semiconductors NV has reported a disappointing forecast for first-quarter revenue, projecting a decline of about 10% to $2.83 billion. This forecast falls below the $2.92 billion average estimate from analysts surveyed by Bloomberg, signaling ongoing sluggish demand for industrial and automotive chips. The company's fourth-quarter performance showed revenue of $3.11 billion, down 9% year-on-year, and a full-year revenue of $12.61 billion, down 5% from the previous year. Despite the revenue drop, NXP's fourth-quarter adjusted earnings per share (EPS) of $3.18 beat the analyst estimate of $3.14. The company also reported a fourth-quarter GAAP gross margin of 53.9% and an operating margin of 21.7%. NXP's guidance for the first quarter includes expected revenue between $2.725 billion and $2.925 billion, and adjusted EPS between $2.39 and $2.79, both below analyst estimates. The company's shares rose 2% after hours following the earnings report.