Nat Semiconductor posts drop in quarterly profit

NEW YORK, Sept 5 (Reuters) - Analog chip maker National Semiconductor Corp (NSM.N) on Friday posted a drop in quarterly profit on lower sales.

The company, whose chips are used in everything from cars to cell phones, said its quarterly profit fell to $80 million, or 33 cents per share, from $86 million, or 30 cents a share, in the year-ago quarter.

Sales for its fiscal first quarter ended Aug. 24 fell 1 percent to $465.6 million from $471.5 million.

The company said sales in the second quarter of fiscal 2009 should range from $470 million to $480 million. (Reporting by Yinka Adegoke, editing by Gerald E. McCormick)