Fairchild Semiconductor announced results for the fourth quarter ended December 25, 2011. Fairchild reported fourth quarter sales of $339.4 million, down 16 percent from the prior quarter and 15 percent lower than the fourth quarter of 2010.
Fairchild reported fourth quarter net income of $21.3 million or $0.17 per diluted share compared to $35.8 million or $0.28 per diluted share in the prior quarter and $51.0 million or $0.40 per diluted share in the fourth quarter of 2010. Gross margin was 30.0 percent compared to 35.9 percent in the prior quarter and 37.0 percent in the year ago quarter.
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