SOUTH PORTLAND, Maine -- Fairchild Semiconductor International Inc. here today reported sales of $476 million for its third quarter ended Oct. 1, up 42% over $335.8 million in the like period a year ago.
Third quarter adjusted net income was $84.0 million, or $0.82 per fully diluted share, up 449% over $15.3 million, or $0.19 per diluted share, reported a year ago. Analysts expected the company to report earnings of $0.72 per share.
"Our penetration across broad electronics markets continues to serve us well, as we had strong sales from many different end segments," said Kirk Pond, chairman, president, and chief executive of Fairchild.
"Demand strength in mobile PCs, servers, Internet infrastructure equipment, and digital consumer products outweighed softer Korean demand and slower demand growth in desktop PCs," he said.
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