NEW YORK (TheStreet) -- Shares of Fairchild Semiconductor were gaining 5.7% to $20.06 Thursday after the chipmaker beat analysts' estimates for revenue in the first quarter. Fairchild Semiconductor said revenue grew 3.4% year over year to $355.7 million in the first quarter, above the Capital IQ Consensus Estimate of $349.99 million for the quarter. The company reported earnings of 11 cents a share for the first quarter, in line with analysts' estimates. "We grew sales in the first quarter at the high end of our expectations while maintaining flat distribution channel inventory," Chairman, President, and CEO Mark Thompson said. "Sales into the automotive, industrial and appliance markets were robust. We also posted solid growth in our computing business as we continue to gain market share with power management solutions supporting server, storage and cloud applications." Looking to the second quarter, Fairchild Semiconductor expects revenue of $360 million to $380 million, compared to analysts' estimates of $367.63 million. TheStreet Ratings team rates FAIRCHILD SEMICONDUCTOR INTL as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate FAIRCHILD SEMICONDUCTOR INTL (FCS) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow." You can view the full analysis from the report here: FCS Ratings Report FCS data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015
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