Why RF Micro Devices (RFMD) Stock Is Gaining After Hours

NEW YORK (TheStreet) -- RF Micro Devices (RFMD) stock is gaining in extended trading after the radio-frequency chipmaker beat analysts' expectations on its top- and bottom-line in its first quarter.

After the bell, shares climbed 5.7% to $8.55.

Over the three months to March, the company earned an adjusted 12 cents a share, 3 cents higher than analysts surveyed by Thomson Reuters had forecast. 

Revenue slipped 8.8% year over year to $256 million, slightly higher than expectations of $255.54 million.

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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 revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."

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