Fairchild Semiconductor

Wednesday reiterated its previous guidance for the second quarter.

The company expects revenue to be flat to 3% down and also expects gross margin to increase 50 basis points to 100 basis points sequentially.

Analysts surveyed by Thomson First Call are expecting revenue of $403.23 million for the second quarter.

These forecasts reflect its move to a 13-week second quarter from a 14-week first quarter.

"Demand has been seasonally normal so far in the second quarter with the strongest order rates for products serving the industrial, communications and TV/display end markets," the South Potland, Maine-based company said.

The company's shares were trading at $17.09, up 11 cents Wednesday.

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