Freescale Semiconductor's third-quarter sales remained relatively flat, but gross margins climbed.
The company - which makes G4 processors for Apple - reported its financial third-quarter results (September 30, 2005) last night.
Freescale revealed net sales of $1.45 billion and gross margins of 43.3 per cent for earnings of $164 million.
The company hit sales of $1.47 billion in the second quarter of 2005 and $1.43 billion in the third quarter of 2004 on gross margins of 41.6 per cent and 39 per cent respectively.
Excluding particular gains on sale and bad debt, sales were $1.46 billion, while gross margin was 43.7 per cent.
Freescale's Board of Directors has also authorised the company to repurchase up to $500 million of its outstanding shares of common stock.
"Our team turned in a good performance during the quarter," said Chairman and CEO Michel Mayer. "We have a lot of work left to do, but our third-quarter results clearly indicate that we are on the right track to transform Freescale."
For the fourth quarter of 2005, the company expects to report revenues of $1.425 to $1.525 billion. Gross margins for the fourth quarter of 2005 are expected to increase slightly from the level reported in the third quarter of 2005.