National Semiconductor Q3 Profit Matches View, but Revenue Falls Short (NSM)

By Staff,

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Microchip maker National Semiconductor Corporation ( NSM ) 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 trading Friday.

The Bottom Line
Shares of National Semiconductor ( NSM ) 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 ( NSM ) is not recommended at this time, holding a DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: NSM

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