Revenue for the October-December period amounted to $171 million, preliminary data showed, above the company's own guidance of $150 million-$170 million, the Norwegian firm said in a statement.
Analysts had on average expected revenue of $163 million, according to Refinitiv Eikon<\/a> data.
\"Our fourth-quarter and full-year revenue figures reflect continued strong performance across all our end-user markets,\" Chief Executive Svenn-Tore Larsen said.
Oslo-listed Nordic<\/a> Semiconductor's gross earnings margin for the quarter is now seen in a range of 58%-59%, significantly higher than the 51%-53% it had originally expected.
\"The exceptionally high gross margin reflects a one-off effect of price adjustments for the company's products,\" Nordic said.
Adjusting for these one-off pricing effects, the underlying gross margin was approximately 53% in the fourth quarter, it added.
Nordic sells wireless chips<\/a> and devices<\/a> designed for ultra-low power consumption, which are used in a wide variety of electronics<\/a> and computers, but does not itself manufacture the silicon wafers used in the products.
The company's shares have risen by 93% in the last 12 months, valuing the firm at $6.2 billion. The shares have dropped 6.7% so far in 2022 however, along with a decline in global tech stocks.
Nordic Semiconductor's fourth-quarter earnings report is due on Feb. 3.
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