Fairchild Q2 Results Miss Estimates, Sees Q3 Sales Below View; Stock Down

(RTTNews) - Fairchild Semiconductor International Inc. (FCS) reported a second quarter net loss of $0.9 million or $0.01 per share compared to net income of $17.8 million or $0.14 per share in the second quarter of 2014.

Adjusted net income was $13.9 million or $0.12 per share, compared to $25.2 million or $0.20 per share in the second quarter of 2014. Analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter declined to $355.2 million from $371.6 million last year. Wall Street analysts had a consensus revenue estimate of $371.32 million for the quarter.

The company expects sales to be in the range of $355 million to $375 million for the third quarter. Analysts expect sales of $383.72 million for the third-quarter.

FCS closed Wednesday's trading at $16.81. In Thursday's pre-market trading, the company's shares are down $1.61 or 9.58% to $15.20.