Fairchild Semiconductor International
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Fairchild Semiconductor International missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Fairchild Semiconductor International reported revenue of $358.8 million. The 13 analysts polled by S&P Capital IQ foresaw revenue of $368.8 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $403.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.25. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.17 per share. GAAP EPS of $0.19 for Q3 were 32% lower than the prior-year quarter's $0.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.5%, 250 basis points worse than the prior-year quarter. Operating margin was 8.3%, 360 basis points worse than the prior-year quarter. Net margin was 6.9%, 200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $341.0 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $1.41 billion. The average EPS estimate is $0.56.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fairchild Semiconductor International is outperform, with an average price target of $16.15.
Is Fairchild Semiconductor International the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Fairchild Semiconductor International to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.