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National Semi Posts $64M 4Q Loss But Tops Views

Stock quotes in this article: NSM  

SANTA CLARA, Calif. (AP) — National Semiconductor Corp. on Thursday posted a $64 million quarterly loss, with its sales dropping 39 percent from the same period last year.

The numbers were still better than Wall Street expected, though. National Semi's chief executive, Brian Halla, said business conditions improved in the three months ended May 31. Part of the reason was smart-phone makers made more orders.

Its fiscal fourth-quarter sales were $280.8 million, better than the $273 million expected by analysts polled by Thomson Reuters. In the same period last year, revenue was $462.0 million. ...

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