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.Eric Volkman has no position in RF Micro Devices. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.
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