Fairchild Semiconductor Narrows Third-Quarter Loss

Revenue falls 32% from the year-ago quarter.
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Fairchild Semiconductor (FCS) posted a slightly narrower-than-expected loss in its third quarter on a 32% decline in revenue.

The company, which makes semiconductors mainly for electronic power and interface products, lost 9 cents a share before various items, beating the consensus estimate by a penny and narrowing the comparable year-ago deficit, which was 82 cents a share. Revenue was $325 million.

Fairchild said bookings rose 23% from the second quarter and were slightly higher than the amount of business billed in the period. It said "visibility remains low," although several factors, including a rising number of orders that are booked and shipped in the same quarter, are consistent with the end of a semiconductor industry downturn.

On an as-reported basis, the company lost $19.1 million, or 19 cents a share, in the latest third quarter, down from $69.7 million, or 68 cents a share, a year earlier.