Fairchild Semiconductor (FCS) Thursday reported a fourth-quarter loss of $13.6 million or $0.11 per share, compared to a profit of $21.3 million or $0.17 per share in the same period last year.
On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.10 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $333.4 million, down from $339.4 million last year. Analysts expected revenues of $340.28 million.
Gross margin dropped to 29.8 percent from 30.0 percent last year.
Looking ahead to the first quarter, the company has forecast sales in a range of $330 million to $350 million. Analysts expect first-quarter revenues of $345.77 million.
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