Fairchild Semiconductor Q1 Income Drops 13%

(RTTNews) - Fairchild Semiconductor (FCS) released a profit for first quarter that retreated compared to the same period last year.

The company said its earnings dropped to $11.6 million, or $0.10 per share. This was lower than $13.3 million, or $0.11 per share, in last year's first quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.1% to $327.0 million. This was down from $355.7 million last year.

Fairchild Semiconductor earnings at a glance:

-Earnings (Q1): $11.6 Mln. vs. $13.3 Mln. last year. -Earnings Decline (Y-o-Y): -12.8% -EPS (Q1): $0.10 vs. $0.11 last year. -EPS Decline (Y-o-Y): -9.1% -Analysts Estimate: $0.14 -Revenue (Q1): $327.0 Mln vs. $355.7 Mln last year. -Revenue Change (Y-o-Y): -8.1%