Publish date:

Fairchild Semiconductor Beats Lowered Estimates, Cuts First-Quarter Guidance

Fairchild Semiconductor

undefined

said it beat Wall Street's lowered earnings projections for the fourth quarter, but indicated that revenue would decline sequentially in the upcoming period.

Adjusted income totaled $76.9 million, or 76 cents a share, up from $33 million, or 36 cents a share, in the year-ago period. Five analysts polled by

First Call/Thomson Financial

TheStreet Recommends

were calling for the company to earn 72 cents. Earlier this month, the company

warned that it would miss fourth-quarter sales estimates. At the time, analysts were expecting the company to earn 82 cents for the fourth quarter.

Revenue for the fourth quarter rose to $468.8 million, up from $361 million in the same period last year.

The company, which is based in South Portland, Maine, also said first-quarter sales should be down 10% sequentially, while second-half revenue would be 7% to 9% higher than first-half totals.

Shares of Fairchild closed the regular session down 19 cents, or 1.1%, to $17.50 on the

New York Stock Exchange

.