Thursday, April 19, 2007

UPDATE 1-Fairchild Semi profit tumbles, shares fall

(Reuters) - Its shares fell 5 percent to $16.75 in premarket trading, compared with its close of $17.70.

Fairchild said that net profit for its fiscal first quarter dropped to $6.3 million, or 5 cents per share, compared with $26.6 million, or 21 cents per share, a year earlier. Adjusted earnings per share for the first quarter amounted to 16 cents, the company said.


Read more at Reuters.com Market News

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