RF Monolithics (RFMI) Misses Q3 EPS by 2c, Guides Below for Q4
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RF Monolithics, Inc. (NASDAQ: RFMI) reports a Q3 loss of $0.07, 2 cents worse than estimates (Note - only 1 analyst). Revenues were $13 million vs. $13.44 million consensus.
"The negative effect of the sluggish economy on our major markets makes it increasingly difficult to provide guidance. With our current backlog and the market trends we are seeing, we expect to hold our sales flat, in the $12.5 to $13.5 million range. Gross Profit Margins may improve due to more favorable product mix and be in the 35% - 37% range. Earnings per Share on a non-GAAP basis are estimated to be a loss in the $0.04 - $0.09 range. Additionally, depending on the indicators we are monitoring, events and decisions made could affect our annual review of intangible assets for potential impairment pursuant to SFAS 142 and SFAS 144." (Consensus is $13.75 million and $0.02 loss, respectively)
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