Fairchild Semi (FCS) Cuts Q3 Outlook
FCS Hot Sheet
Revenue Growth %: -14.7%Financial Fact:
Operating income: 14.3M
Today's EPS Names:
TARO, BRLI, TLB, More
Fairchild Semiconductor (NYSE: FCS), reports revised guidance for the third quarter of 2011.
Fairchild now expects sales to be $400 to $410 million compared to previous guidance of $433 to $446 million, and the consensus of $439.53 million.
Adjusted gross margin is expected to be in the range of 36.0 percent to 36.5 percent, down from the previous guidance of 36.5 percent to 36.9percent. We expect R&D and SG&A spending to be about $96 million compared to our previous guidance of $99 million.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Fairchild now expects sales to be $400 to $410 million compared to previous guidance of $433 to $446 million, and the consensus of $439.53 million.
Adjusted gross margin is expected to be in the range of 36.0 percent to 36.5 percent, down from the previous guidance of 36.5 percent to 36.9percent. We expect R&D and SG&A spending to be about $96 million compared to our previous guidance of $99 million.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Monro Muffler (MNRO) Tops Q4 EPS by 1c; Comps About Flat; Guides FY13 EPS Below Views
- Tiffany & Co. (TIF) Misses Q1 EPS Views; Lowers FY12 EPS, Revs Growth Outlook
- Teva Pharma (TEVA) Sees Weaker FY12 Sales, EPS
Create E-mail Alert Related Categories
Guidance, Hot GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
