National Semiconductor Sells Off After Q2 Release

Filed under: Earnings Reports, Technology

National Semiconductor's (NSM) fiscal Q2 report was not met with enthusiasm. With a little under two hours to go before the end of the session, shares were down over 7% to $13.86. Volume was high.



According to Reuters, the tech company made 34 cents per share in the second quarter. That was two pennies ahead of the overall projection. It was also, as the press release indicates, much higher than the 20 cents per share made in the year-ago period. Sequentially, however, net income took a dip: 36 cents per share was booked in Q1. Gross margin also dropped on a sequential basis, but again, the year-ago comparison was better. Top-line guidance for the third quarter apparently is one of the factors driving the sell-off.

Continue reading National Semiconductor Sells Off After Q2 Release

National Semiconductor Sells Off After Q2 Release originally appeared on BloggingStocks on Fri, 10 Dec 2010 15:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=8269dc2edbbb56a2075a5fc343c3864f