RF Micro: Q3, Q4 Forecast Beat

Wireless chip maker RF Micro Devices (RFMD) this evening reported fiscal Q2 results that beat on top and bottom line and forecast fourth quarter revenue above estimates.

Q2 revenue fell 6%, year over year, to $254.8 million, but was up 19.9% from the prior quarter, the company reported, yielding profit per share, excluding some costs, of 13 cents, almost double the prior quarterly profit.

Those results easily topped average expectations for $233.9 million and 9 cents per share.

For Q4, the company sees sequential revenue and EPS growth, it reported, which would be ahead of the $240.5 million and 10 cents per share currently forecast.

RF Micro stock rose 18 cents, or 4.5%, at $4.20 in after-hours trading, after rising fractionally during the regular session.