ee Herald                                  
Home | News | New Products | India Specific | Design Guide | Sourcing database | Student Section | About us | Contact us | What's New

News

  Date: 13th Mar 2011

National Semiconductor reports sales of $343.9 million for its 3Q 2011

National Semiconductor reported a sales of $343.9 million and net income of $59.4 million, or 24 cents per diluted share, for the third quarter of fiscal 2011, which ended Feb. 27, 2011.

National's third quarter sales were 12 percent lower than the $390.4 million in sales reported in the second quarter of fiscal 2011 due to inventory adjustments in the distribution channel and seasonally lower shipments to wireless handset customers following the holiday sales period. Sales in the third quarter of fiscal 2011 were
5 percent lower than the $361.9 million reported in the third quarter of fiscal 2010.

Third quarter net income of $59.4 million, or 24 cents per diluted share, was a decrease from the $83.5 million, or 34 cents per diluted share, in the second quarter of fiscal 2011. One year ago, National reported net income of $53.2 million, or 22 cents per diluted share for the third quarter of fiscal 2010.

Gross margin of 66.5 percent decreased from 68.9 percent in the second quarter of 2011, driven by lower factory utilization in connection with the reduced sales volume. National reported gross margin of 67.3 percent in the third quarter of fiscal 2010.

For the fourth quarter of fiscal 2011, National projects the following:
Revenues between $360 million and $370 million, an increase of approximately 4 percent to 7 percent sequentially
Gross margin percentage between 66 percent and 67 percent
Combined R&D and SG&A expenses between $132 million and $138 million

"As we move beyond the inventory correction, and the post-holiday slowdown in the mobile phone market, we are looking forward to resuming revenue growth," said Don Macleod, National's chief executive officer. "We see our power management and, in particular, energy efficiency solutions driving revenue growth in broad industrial and mobile device markets."


 
          
Home | News | New Products | India Specific | Design Guide | Sourcing database | Student Section | About us | Contact us | What's New
©2010 Electronics Engineering Herald