Fairchild Semi (FCS) Cuts Q3 Outlook
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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.
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.
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