RFMD taking in the 3G Hyper Growth in "CHINA"
RF Micro earnings increase (3G sales grow 50%, while China sales grow 75% from the previous qtr, RF Micro forecast continued strong qtrs ahead)
October 28, 2009 9:09 AM ET
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RF Micro Devices posted a net profit of $14.6 million in the second quarter of its fiscal year 2010, up from a $4.8 million profit in the first quarter and a loss of $14.2 million a year earlier.
Quarterly revenue was up about 20 percent from the previous quarter to $254.8 million, the company said. The revenue figure was down 6.2 percent from sales a year earlier.
The Greensboro-based wireless chip maker said it benefited from new product cycles and higher revenue at all its cellular products customers. Sales into 3G handsets grew by about 50 percent year-over-year, and sales to customers in China were up by about 75 percent from the previous quarter.
CEO Bob Bruggeworth said the company saw higher margins and earnings-per-share in the quarter and predicted "continued strong performance" over the next several quarters.
Full Earnings Transcript