RF Micro Devices Goes Negative
RF Micro Devices (NAS: RFMD) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q1), RF Micro Devices met expectations on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank to a loss.
Margins contracted across the board.
RF Micro Devices booked revenue of $202.7 million. The 17 analysts polled by S&P Capital IQ hoped for a top line of $201.9 million on the same basis. GAAP reported sales were 5.4% lower than the prior-year quarter's $214.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.01. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.07 for Q1 against $0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.7%, 480 basis points worse than the prior-year quarter. Operating margin was -6.3%, 1,320 basis points worse than the prior-year quarter. Net margin was -9.4%, 1,360 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $221.7 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $888.8 million. The average EPS estimate is $0.18.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 703 members out of 747 rating the stock outperform, and 44 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give RF Micro Devices a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RF Micro Devices is outperform, with an average price target of $6.14.
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The article RF Micro Devices Goes Negative originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.