April 26 (Bloomberg) -- Freescale Semiconductor Ltd., the chipmaker mostly owned by a private-equity group including Blackstone Group LP and TPG Capital, rose after predicting second-quarter sales that may exceed some analysts’ estimates.
Second-quarter revenue will be $1 billion to $1.04 billion, the Austin, Texas-based company said yesterday in a statement. Analysts on average had estimated sales of $1.01 billion, according to data compiled by Bloomberg.
Freescale is a supplier of analog chips, microcontrollers and network processors competing with companies such as Texas Instruments Inc. It supplies chips used in cars, phone systems and consumer electronics.
The company’s first-quarter net loss was $48 million, or 19 cents a share, compared with a loss of $9 million, or 4 cents a share, in the same period a year earlier. Sales rose 3.3 percent to $981 million, topping analysts’ average $966.3 million estimate. Interest payments of $121 million on debt created when the company was taken private contributed to the loss.
Freescale’s shares rose 8 percent to $15.71 at the close in New York. The stock has advanced 43 percent this year, compared with a 13 percent gain by the Philadelphia Semiconductor Index.
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