(Reuters) -NXP Semiconductors NV forecast fourth-quarter revenue above Wall Street estimates on Monday, as it recovers from sluggish demand and sees a rebound in the automotive segment.

Shares of the Eindhoven, Netherlands-based company rose 2% in U.S. extended trading, having gained 6.6% so far this year.

The chipmaker is benefiting from momentum across automotive end markets due to demand for its scalable processing solutions.

Analysts say that the auto end market is improving following tariff-related pull-ins, benefiting companies like NXP.

NXP provides manufacturers with chips and other technology essential for high-speed digital processing utilized in sectors like automotive, manufacturing, telecommunications and the Internet of Things (IoT).

The company has made a string of acqu

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