RF Micro Narrows Loss

Updated from 4:56 p.m. EDT

RF Micro Devices(RFMD Quote) narrowed its losses in its fiscal fourth quarter, as strong sales of the company's radio chips for advanced cell phones generated better-than-expected results.

In the three months ended March 31, RF Micro posted sales of $226 million, up 50% from the year before, and above the company's guidance of $200 million to $215 million.

RF Micro had a net loss of $1.6 million, or a penny a share, largely as a result of a share-based compensation expense arising from the impact of variable accounting associated with the company's option-exchange program. In the fourth quarter of 2005, RFMD lost $63 million, or 34 cents a share. ...