RF Micro (RFMD) Reports Q3 Revs of~ $225M, Below Views
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Financial Fact:
Income before income taxes: 75.24M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Income before income taxes: 75.24M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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RF Micro Devices, Inc. (Nasdaq: RFMD), has provided a quarterly financial update for its third fiscal quarter, ended December 31, 2011.
RFMD's revenue for the December 2011 quarter was approximately $225 million, versus the consensus of $250.2 million.
In RFMD's Cellular Products Group (CPG), revenue was approximately $179 million, as sales of 2G components to China-based customers for entry-level handsets were below expectations. In RFMD's Multi-Market Products Group (MPG), revenue was approximately $46 million, reflecting broad weakness in MPG's end markets. The Company noted customer demand softened during the December quarter, with end-of-quarter 2G demand significantly below customer forecasts. RFMD expects gross margin for the December 2011 quarter will decline approximately 9 points sequentially, due to the lower revenue, lower factory utilization, and inventory reserves.
Sales of RFMD's components for 3G/4G smartphones increased sequentially approximately 16% during the December 2011 quarter.
In the March 2012 quarter, RFMD anticipates normal seasonality in the handset industry and in MPG's end markets.
RFMD's revenue for the December 2011 quarter was approximately $225 million, versus the consensus of $250.2 million.
In RFMD's Cellular Products Group (CPG), revenue was approximately $179 million, as sales of 2G components to China-based customers for entry-level handsets were below expectations. In RFMD's Multi-Market Products Group (MPG), revenue was approximately $46 million, reflecting broad weakness in MPG's end markets. The Company noted customer demand softened during the December quarter, with end-of-quarter 2G demand significantly below customer forecasts. RFMD expects gross margin for the December 2011 quarter will decline approximately 9 points sequentially, due to the lower revenue, lower factory utilization, and inventory reserves.
Sales of RFMD's components for 3G/4G smartphones increased sequentially approximately 16% during the December 2011 quarter.
In the March 2012 quarter, RFMD anticipates normal seasonality in the handset industry and in MPG's end markets.
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