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UPDATE: Fairchild Semiconductor Reports Drop In Q4 Profit, Issues Downbeat Revenue Forecast

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Courtesy of Benzinga.

Fairchild Semiconductor International Inc (NYSE: FCS) reported a drop in its fourth-quarter profit.

Fairchild Semiconductor’s quarterly profit declined to $21.3 million, or $0.17 per share, from $51 million, or $0.28 per share, in the year-earlier period. The company’s adjusted net income came in at $0.15 per share. Its revenue dropped 15% to $339.4 million, versus $397.7 million. However, analysts were expecting earnings of $0.17 per share on revenue of $358.8 million.

Fairchild Semiconductor projects Q1 revenue of $340 million to $370 million, versus analysts’ estimates of $383.1 million.

Fairchild Semiconductor shares closed at $14.53 yesterday.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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