SAN FRANCISCO—Freescale Semiconductor Inc. Thursday (Oct. 21) narrowed its loss amid strong sales for the quarter.
Net sales for the third quarter of 2010 were $1.15 billion, compared to $1.11 billion in the second quarter of 2010 and $893 million in the third quarter last year.
Net loss was $156 million in the period, compared to a net loss of $538 million in the previous quarter and a net loss of $410 million a year ago. Income from operations for the three months ended Oct. 1, 2010 was $1 million, compared to a loss of $18 million in the second quarter of 2010 and a loss of $261 million in the third quarter of 2009.
Adjusted operating earnings for the three months ended Oct. 1, 2010, were $158 million, compared to earnings of $136 million in the second quarter of 2010 and $12 million in the third quarter of 2009.
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) were $253 million for the third quarter of 2010, compared to $229 million in the second quarter of 2010 and $119 million in the third quarter of 2009.
“Third quarter results continued our momentum with growth in revenues and profitability for Freescale,” said Rich Beyer, Freescale chairman and CEO, in a statement. “All of our core businesses grew sequentially and year over year, and we continued to solidify our embedded processing solutions leadership with consecutive record quarterly design wins.”
Third quarter microcontroller sales totaled $418 million, up 8 percent from the previous quarter and up 42 percent from the third quarter of 2009, Freescale said. RF, analog and sensor net sales were $272 million in the third quarter, up 7 percent from the previous quarter and up 22 percent from the same period of 2009, the company said.
Networking and multimedia net sales were $338 million in the third, up 12 percent from the previous quarter and up 48 percent from the third quarter of 2009, according to Freescale.
Cellular sales were $90 million, down 32 percent from the previous quarter and down 26 percent from the third quarter of 2009, Freescale said.
Not suprising post, indeed the last quarter there wont be suprise, higher than last year however wont be enough to cover loses. I wonder when we would hear structral changes, cost cutting actions from f.scale
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