NEW YORK (TheStreet) -- RF Micro Devices (RFMD - Get Report) was gaining 3.2% to $10.87 Friday after beating analysts' estimates for the first quarter, and guiding above estimates for the second quarter.
For the first quarter RF Micro reported earnings of 24 cents a share, beating the Capital IQ Consensus Estimate of 17 cents a share by 7 cents. Revenue grew 8% from the year-ago quarter to $316.32 million. Analysts expected revenue of $304.86 million for the quarter.
Looking to the second quarter RF Micro expects revenue of $345 million and EPS of 27 cents a share, above analysts' estimates of $328.8 million in revenue and EPS of 21 cents a share.
Must read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates RF MICRO DEVICES INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation: "We rate RF MICRO DEVICES INC (RFMD) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the company's revenue growth has not been good." RFMD data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts