RF Micro Devices Inc. (RFMD) Earnings Dip
Wireless chip maker RF Micro Devices reported net earnings of $25.3 million in the first quarter of its fiscal 2008 year, down 16 percent from the previous quarter but up 81.7 percent from the year before, the company has announced.
Sales were down both year-over-year and sequentially, the company said. Revenues were $211.6 million in the most recent quarter, down from $257.3 million in the previous quarter and from $238.3 million in the same quarter the year before.
The results were in line with guidance the company issued in April, which warned that weakness at one of RF Micro's biggest customers would impact quarterly income.
RF Micro currently expects revenue to rebound in the September quarter, to between $230 million and $245 million.
Published July 25, 2007 by The Business Journal
Sales were down both year-over-year and sequentially, the company said. Revenues were $211.6 million in the most recent quarter, down from $257.3 million in the previous quarter and from $238.3 million in the same quarter the year before.
The results were in line with guidance the company issued in April, which warned that weakness at one of RF Micro's biggest customers would impact quarterly income.
RF Micro currently expects revenue to rebound in the September quarter, to between $230 million and $245 million.
Published July 25, 2007 by The Business Journal
Labels: RF Micro Devices Inc., RFMD
posted by Stock Administrator @ 1:15 PM
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