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Actionable news in FCS: Fairchild Semiconductor International, Inc.,

Will Fairchild Semiconductor Int’l (FCS) Stock Fall on Lower Revenue?

NEW YORK (TheStreet) -- Fairchild Semiconductor International (FCS - Get Report) stock is advancing by 3.24% to $16.87 in afternoon trading on Thursday, continuing to gain from Wednesday when reports suggested the company hired Goldman Sachs (GS) to explore a sale of the chipmaker, according to Bloomberg.

The power semiconductor supplier, however, reported lower than expected revenue for the third quarter of 2015. Earnings per share were in line with estimates.

Fairchild reported adjusted earnings of 20 cents per diluted share on $342.1 million in revenue for the quarter ended September 27.

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