RF Micro Devices Meets on Q3 EPS, but Guidance Light
RF Micro Devices shares drooped in post-market trading following the release of the company's fiscal Q3 2014 results. For the quarter, revenue came in at $289 million, an improvement over the $271 million in the same period the previous year. Net profit was $36.4 million ($0.13 per diluted share), against Q3 2013's $21.3 million ($0.08).
Analysts had been expecting revenue of $320 million and EPS of $0.13.
The company provided forward guidance for its current Q4. Revenue for the period is anticipated to be roughly $250 million to $260 million, with EPS of $0.09 to $0.10. The latter fell shy of the current average analyst estimate of $0.11.
Following the announcement of the results, the company's stock declined by 2.3%, or $0.11, to $4.78 in after-hours trading.
The article RF Micro Devices Meets on Q3 EPS, but Guidance Light originally appeared on Fool.com.
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