Micro Devices Q3 Adj. Profit Meets Estimate - Quick Facts

(RTTNews) - Micro Devices Inc. (RFMD), a maker of high-performance radio frequency solutions, Tuesday reported net income of $6.2 million or $0.02 per share for the third quarter of fiscal 2014. This compares with a net loss of $1.4 million or $0.01 per share last year.

Adjusted net income for the quarter was $36.4 million or $0.13 per share, compared to $21.3 million or $0.08 per share a year ago. On average, fourteen analysts polled by Thomson Reuters estimated earnings of $0.13 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter rose 6% to $288.52 million from $271.21 million in the prior year, while thirteen analysts expected revenues of $320.06 million for the quarter.

Looking ahead to the fourth quarter, the company expects adjusted earnings of $0.09 to $0.10 per share and revenues of $250 million to $260 million. Analysts expect earnings of $0.11 per share on revenue of $287.26 million.