National Semiconductor Bounces as It Beats Street

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National Semiconductor

(NSM)

was down 1.9% in early afternoon, climbing back after falling more than 12% earlier in the session. The chipmaker said second-quarter earnings were 56 cents per share, ahead of the Street's estimate of 51 cents and the year-ago 37 cents. But the company said third-quarter earnings and margins may decline due to weakness in the semiconductor market.