Fairchild Semiconductor International Beats Expectations but Takes a Step Back Anyway
Fairchild Semiconductor International (NYS: FCS) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 1 (Q1), Fairchild Semiconductor International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Fairchild Semiconductor International reported revenue of $352.2 million. The 13 analysts polled by S&P Capital IQ foresaw a top line of $355.8 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $413.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.06. The 15 earnings estimates compiled by S&P Capital IQ forecast $0.05 per share on the same basis. GAAP EPS of $0.01 for Q1 were 97% lower than the prior-year quarter's $0.33 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 29.8%, 710 basis points worse than the prior-year quarter. Operating margin was 1.5%, 1,170 basis points worse than the prior-year quarter. Net margin was 0.5%, 1,000 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $360.0 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $1.49 billion. The average EPS estimate is $0.73.
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 $15.92.
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At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.
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