Fairchild Semiconductor Earnings: Off the Analyst Revenue Estimate Mark

Fairchild Semiconductor Corporation (NYSE:FCS) reported its results for the third quarter. Fairchild Semiconductor International is focused on developing, manufacturing and selling power analog, power discrete and certain non-power semiconductor solutions to a range of end market customers.

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Fairchild Semiconductor Corporation Earnings Cheat Sheet

Results: Net income for Fairchild Semiconductor Corporation fell to $24.7 million (19 cents per share) vs. $35.8 million (28 cents per share) a year earlier. This is a decline of 31% from the year-earlier quarter.

Revenue: Fell 11% to $358.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Fairchild Semiconductor Corporation beat the mean analyst estimate of 16 cents per share. It fell short of the average revenue estimate of $370.3 million.

Key Stats:

Revenue has fallen for the last four quarters. Revenue declined 16.6% to $361.5 million in the second quarter. The figure fell 14.7% in the first quarter from the year earlier and dropped 14.7% in the fourth quarter of the last fiscal year from the year-ago quarter.

The company has beaten estiamtes for two quarters in a row. In the second quarter, it topped expectations with net income of 6 cents versus a mean estimate of net income of 4 cents per share.

Net income has dropped 51.8% year-over-year on average across the last five quarters. Performance was hurt by a 96.3% decline in the first quarter from the year-earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from 25 cents a share to 24 cents over the last sixty days. For the fiscal year, the average estimate has moved down from 77 cents a share to 74 cents over the last sixty days.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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