US semiconductor industry achieves profit of $130 million in Q4 thanks to tax rebate

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US semiconductor industry achieves profit of $130 million in Q4 thanks to tax rebate [Copy link]

[CCIDnet News] June 10th news: National Semiconductor Corp., which produces both analog and digital chips, announced its fourth-quarter results on Thursday. The company's profit increased this quarter due to a $55.9 million tax rebate. The company earned $132.1 million, or 36 cents per share, for the quarter, compared with $94.2 million, or 24 cents per share, a year ago. Revenue fell to $467 million from $571.2 million. The company said its quarterly earnings were boosted by higher sales of analog chips, which helped boost its gross margin to 54.7 percent, up from 52.7 in the third quarter and 54.4 a year ago. The company expects revenue to be flat to down 2 percent in the first quarter of the current fiscal year, compared with the fourth quarter, mainly due to sales of its PC Super I/O and wireless businesses. For the full fiscal year, National Semiconductor earned $417.2 million, or $1.12 per share, on revenue of $1.91 billion. The company expects revenue to be flat to down 2 percent in the first quarter of the current fiscal year, mainly due to sales declines in its PC Super I/O and wireless businesses.