Earnings Recap: National Semiconductor Corp.
National Semiconductor Corp (NSM) beat earnings and sales estimates when it reported Thursday after the bell, but it wasn’t enough to succor the needs of the street, as analysts remained worried about NSM’s future revenue growth potential.
Shares traded down 3.6% Friday, closing just atop its 20-day MA. However, after-hours trading has been kind to NSM, as shares have been up as much as 3.73%, erasing all of the day’s losses.
Disclosure: No positions in the companies mentioned.
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