Fairchild Semiconductor International Goes Red
Fairchild Semiconductor International (NYS: FCS) reported earnings on July 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Fairchild Semiconductor International missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share contracted to a loss.
Margins shrank across the board.
Fairchild Semiconductor International notched revenue of $356.5 million. The 13 analysts polled by S&P Capital IQ wanted to see a top line of $365.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.01. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. Non-GAAP EPS of $0.01 for Q2 were 93% lower than the prior-year quarter's $0.14 per share. GAAP EPS were -$0.06 for Q2 versus $0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.1%, 350 basis points worse than the prior-year quarter. Operating margin was 0.4%, 430 basis points worse than the prior-year quarter. Net margin was -2.1%, 540 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $388.2 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $1.49 billion. The average EPS estimate is $0.44.
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 $16.46.
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