RF Micro Devices Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - RF Micro Devices, Inc. (RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, reported second-quarter net income of $63.31 million or $0.21 per share, compared to $5.89 million or $0.02 per share, last year. Non-GAAP net income was $89.97 million or $0.30 per share, for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.27 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $362.67 million from $310.72 million, last year. Analysts expected revenue of $346.22 million for the quarter.

The company expects third-quarter quarterly revenue of approximately $385 million, and EPS of approximately $0.33. Analysts expect the company to report third-quarter profit per share of $0.28 on revenue of $356.98 million.