Fairchild Semiconductor Turns To Profit In Q4 - Quick Facts

(RTTNews) - Fairchild Semiconductor (FCS), a supplier of power semiconductors, Thursday reported fourth-quarter net income of $0.9 million or $0.01 per share, compared to a loss of $13.6 million or $0.11 per share in the previous year.

On an adjusted basis, earnings were $0.11 per share, while the company posted $0.10 per share last year. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues increased 2 percent to $341.1 million from $333.4 million in the preceding year. Analysts estimated revenues of $342.58 million for the quarter.

Gross margin increased to 30.9 percent from 29.8 percent in the year-ago quarter.

Looking ahead to the first quarter, the company expects sales to be in the range of $340 to $355 million. Analysts are looking for revenues of $346.60 million for the quarter.

Mark Thompson, chairman and CEO said, "We enter 2014 with solid demand momentum, short lead times and an excellent inventory position."