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Technology Stocks : Earnings: Semiconductor -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (155)4/22/2002 9:51:11 AM
From: 2MAR$  Read Replies (1) | Respond to of 266
 
RFMD ( $19-$22-$18) PE=n/a Cap=$3Bil beats Street, shares rise

By Barbara C. Costanza, CBS.MarketWatch.com
Last Update: 10:29 AM ET April 17, 2002




GREENSBORO, N.C., (CBS.MW) -- RF Micro Devices reported better-than-expected fourth quarter earnings, sending shares higher by 5.4 percent Wednesday morning.





The radio frequency integrated circuits manufacturer (RFMD: news, chart, profile) reported fourth-quarter earnings of $2.8 million, or 2 cents a share, a penny ahead of the consensus estimate. In the year-ago period, the company lost $6.8 million, or 4 cents a share.

Revenue for the quarter totaled $100.4 million, exceeding the company's prior forecast of between $90 million and $95 million and analysts estimates of $91.6 million. Last year, fourth-quarter revenue totaled $55 million.

For the first quarter of 2003, the company expects earnings of between 2 cents and 3 cents with revenue coming between $107 million and $110 million. Analysts currently expect a per-share profit of 2 cents with revenue of $100.9 million.

Shares traded up $1.09 to $21.32.