Microchip maker National Semiconductor Corporation (
) late Thursday posted fiscal third quarter profits that were
in-line with analyst expectations, although its revenue didn't rise
as much as expected.
The Santa Clara-based company reported fiscal third quarter net
income of $59 million, or 24 cents per share, compared with $53
million, or 22 cents per share, in the year-ago period.
Revenue fell 5% from last year to $344 million.
On average, Wall Street analysts expected a matching profit of
24 cents per share, albeit on higher sales of $352 million.
Looking ahead, the company forecast current-quarter sales of
$360 million to $370 million, while analysts are expecting $367
million for the quarter.
National Semiconductor shares were mostly flat in premarket
The Bottom Line
Shares of National Semiconductor (
) have a 2.82% dividend yield, based on last night's closing stock
price of $14.16. The stock has technical support in the $12-$13
price area. If the shares can firm up, we see overhead resistance
around the $16 price levels.
National Semiconductor Corporation (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.2 out of 5 stars.
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