Fairchild Semiconductor International Inc. (NYSE:FCS) had a loss and met Wall Street’s expectations, AND came up short on beating the revenue expectation. Net loss of $13.6 million (loss of 11 cents per diluted share) in the quarter versus a net loss of $21.3 million in the year-earlier quarter. Revenue decreased 1.77% to $333.4 million from the year-earlier quarter.
Fairchild Semiconductor International Inc. reported adjusted net income of 10 cents per share. By that measure, the company met the mean analyst estimate of $0.10. It missed the average revenue estimate of $340.28 million.