Freescale Semiconductor Ltd.’s (NYSE:FSL) Earnings At A Glance

Denver, CO, 07/26/2013 (Avauncer.com) – Freescale Semiconductor Ltd. (NYSE:FSL) provides embedded processing solutions and its products ranges majorly in six categories namely: MicroControllers, Digital Networking, Automotice MCU, Analog & Censors, RF and Others.

The earlier day, Freescale has announced its 2Q13 results where the Net Sales amounted to $1.04 billion compared to $981 million in 1Q13. But the revenue as generated in the corresponding quarter of the earlier was almost the same amounting to $1.03 billion.

Operating Income for the period was $125 million in comparison to $104 million in the 1Q2013 and $112 million in 2Q120. The increase in the operating income is due to the higher sales volume and improved gross margins. The company’s achievement in reducing its expenditure also contributes to the sequential increase in its income from operations.

The net loss for the period as reported was $65 million or $0.25 per share in comparison to a loss of $48 million, or $0.19 per share in 1Q13 and a loss of $34 million or $0.14 in 2Q12. The increase in the net loss is primarily due to the debt refinancing transaction completed in June 2013 amounting to $59 million.

The company’s segment wise reporting depicted that the company was able to achieve higher sales in it’s all other products except RF and others, which have reported a decline in their revenues as compared to 1Q2013 and 2Q12.

For the 3Q13 the company has issued its guidance stating that the company’s net sales would range between $1.05 billion to $1.09 billion with an increase in its Gross Margins by approximately 75 to 100 basis points on a sequential basis.

The stock opened its trading on June 25, 2013 at $15.88 and traded ranging from $15.65 to $16.50 before closing at $16.30. The company’s market capitalization stands at $4.14 billion with 254.15 million outstanding shares.