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National Semiconductor Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2010; Provides Revenue Guidance for the Fourth Quarter of Fiscal 2010; Declares Cash Dividend Payable on April 12, 2010. The yield is 2.28%.

National Semiconductor Corporation (NSM:$14.36,00$0.02,000.14%) reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2010. For the quarter, the company reported net income of $53.2 million or $0.22 per basic and diluted share on net sales of $361.9 million against net income of $21.1 million or $0.09 per basic and diluted share on net sales of $292.4 million for the same period a year ago. Operating income of $86.0 million compared to $30.3 million a year ago. Income before taxes of $72.4 million compared to $61.4 million a year ago.
For the nine months, the company reported net income of $130.0 million or $0.55 per basic share and $0.54 per diluted share on net sales of $1,020.9 million against net income of $21.1 million or $0.60 per basic share and $0.58 per diluted share on net sales of $1,179.6 million for the same period a year ago. Operating income of $210.2 million compared to $253.4 million a year ago. Income before taxes of $172.1 million compared to $193.2 million a year ago. Net cash provided by operating activities of $246.2 million compared to $292.2 million a year ago. Purchase of property, plant and equipment of $25.9million compared to $75.7 million a year ago.
The company is projecting revenues to be between $375 million and $390 million (up approximately 4% to 8 sequentially) in the fourth quarter of fiscal 2010.
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