Fairchild Semi Beats by a Penny

Driven by growth in their power products division, Fairchild Semiconductor(FCS Quote) swung to a profit in third quarter, beating Wall Street estimates by a penny. But the company warned that sales will fall in the fourth quarter, a period when analysts projected they would still go up modestly.

The company's shares fell 35 cents, or 2.6%, to $13.22 in after-hours trading, after shedding 81 cents, or 5.6%, to close the regular session at $13.58.

In a press release Thursday, Fairchild said third-quarter net income rose to $13.4 million, or 11 cents a share, from a loss of $5.4 million, or 5 cents a share, a year earlier. ...