RF Micro Q4 Adj. Profit Top Estimates; Guides Q1 Above Consensus

(RTTNews) - RF Micro Devices, Inc. (RFMD) reported a net loss for the fourth quarter of $1.0 million or $0.00 per share, compared to a net loss of $16.00 million or $006 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $33.4 million or $0.12 per share, compared to $17.1 million or $0.06 per share in the prior year quarter.

Revenue for the fourth quarter fell 8.8% to $256.0 million from $280.6 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.09 per share on revenue of $255.54 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts revenue of about $305 million and adjusted earnings of about $0.17 per share. Analysts currently expect the company to earn $0.11 per share on revenue of $277.01 million for the first quarter.