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

By
A A A
Share |

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 Dividend.com 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 The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: NSM

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

50%

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com