National Semiconductor (NSM) Earnings Send Shares Up

After falling 3.3% during the Thursday trading session, shares of National Semiconductor Corporation (NYSE: NSM) recovered some of their losses in the after hours market, after the company released an earnings report and guidance that both beat analyst estimates.

National Semiconductor reported 3rd quarter earnings of 22 cents per share, compared to an average analyst estimate of 18 cents per share.

National Semiconductor also reported revenue of $362 million, which easily beat the average estimate of $348.58 million.

National Semiconductor announced that it expects 4th quarter revenue of $375 million to $390 million, well above the current consensus estimate of $357.9 million

The company's shares were up more than 2% in after hours trading.