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RF Micro Swings to Loss, Beats Street
RF Micro Devices(RFMD Quote) swung to a loss in its fiscal first quarter, but still managed to beat Wall Street expectations.
Shares of RFMD were recently up 20 cents, or 6.9%, in recent extended trading to $3.11.
Three months after announcing a major restructuring that included pulling the plug on one of its main products, RFMD said it was ahead of schedule on many of its cost-cutting initiatives. ...
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