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Comment & Analysis
Friday January 11, 12:11 PM
RF Micro Devices 3Q earnings, revenue to miss expectations

NEW YORK (Thomson Financial) - RF Micro Devices (NASDAQ: RFMD - news) said it fiscal third-quarter adjusted earnings of 6 to 7 cents a share, below the mean estimate of analysts surveyed by Thomson Financial of 8 cents a share.

Revenue is expected to be $268 million, falling short of analyst forecasts of $282 million.

The Greensboro, N.C. wireless technologies company said it experienced reduced demand out of Asia late in the quarter.

The stock closed Thursday at $5.02.

Tomi Kilgore

tk1

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Copyright © 2008 AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.