National Semiconductor Corporation’s (NSM) earnings for the second quarter ended November 2010 came in 2 cents over the Zacks Consensus estimate of 32 cents. National Semi’s revenues clearly disappointed, with a corresponding negative impact on the gross and operating margin lines. However, the tax rate was lower, helping the company deliver numbers slightly ahead of consensus expectations. While National Semi’s surprise history has not really been spectacular, the 5.9% positive surprise in the last quarter was one of the lowest it has been in recent times. Weak results coupled with weak orders resulted in a 4.81% decline in National Semi’s share prices in after-market trading yesterday. Revenue National Semi generated revenue of $390.4 million in the fiscal second quarter, a sequential decline of 5.2%, a year-over-year increase of 13.3% and
↧