Fairchild Semicondcutor (FCS) this morning posted Q3 revenue of $414.4 million, a bit shy of the Street consensus at $417.2 million, with adjusted EPS of 42 cents a share, ahead of the Street at 39 cents. Gross margin was 36.5%, up 130 basis points from Q2.
The chip maker expects Q4 revenue of $390 million to $410 million; the Street has been forecasting $404.1 million. The company expects another 50-100 point increase in gross margin.
“We generated solid gross margin and earnings growth in the third quarter due to continued improvements in product mix,” CEO Mark Thompson said in a statement. “Our mix benefited from stronger sales of our mobile power and switch products as well as many of our high voltage products and we expect these trends to continue in the fourth quarter.”
FCS is up 76 cents, or 8%, to $10.21.
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