National Semiconductor Corporation (NSM) Reports Third-Quarter Results
By Benzinga Staff
March 11, 2010 5:07 PM
March 11, 2010 5:07 PM
National Semiconductor Corporation (NYSE: NSM) reported results for the third-quarter on Thursday. The company saw its profits more than double in the quarter.
National Semiconductor reported a profit of $53.2 million, or $0.22 per share, compared with a profit of $21.1 million, or $0.09 per share, a year earlier. The company saw its revenue grow by 24% to $361.9 million for the quarter. Gross margins improved by 980 basis points to 67.3%.
Shares of National Semiconductor Corporation were up by 2.30% to $14.67 in afterhours trading on Thursday.
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