Fairchild Semiconductor posts surprise quarterly loss

April 18 Thu Apr 18, 2013 7:42am EDT

April 18 (Reuters) - Chipmaker Fairchild Semiconductor International Inc reported a surprise quarterly loss as adjusted gross margins slipped 2 percentage points.

The net loss fell to $0.5 million in the first quarter, compared with $1.6 million, or 1 cent a share, a year earlier.

Excluding items, the company posted a loss of 2 cents per share, compared with analysts' estimate of a profit of 4 cents per share, according to Thomson Reuters I/B/E/S.

The company makes analog chips for PCs, mobile phones and cars.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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