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Short Take: Dallas Semiconductor quarterly earnings fall short

Dallas Semiconductor reported net income of $13.4 million for its third quarter of 1998, good for earnings of 45 cents a share. Analysts had expected the company to post earnings of 47 cents a share. A year ago, Dallas Semiconductor earned $16.9 million, or 57 cents a share. In a slack market, the diversified chipmaker said shipments to North America declined slightly, while shipments to Europe and Asia declined by 20 and 19 percent, respectively.

Dallas Semiconductor reported net income of $13.4 million for its third quarter of 1998, good for earnings of 45 cents a share. Analysts had expected the company to post earnings of 47 cents a share. A year ago, Dallas Semiconductor earned $16.9 million, or 57 cents a share. In a slack market, the diversified chipmaker said shipments to North America declined slightly, while shipments to Europe and Asia declined by 20 and 19 percent, respectively.