NEW YORK (TheStreet) -- RF Micro Devices (RFMD) shares are up 4.5% to $11 in after-hours trading on Thursday after reporting record first quarter revenue of $316.3 million ahead of analysts expectations of $304.8 million.
The company reported earnings of 24 cents per diluted share, beating analysts estimates by 7 cents.
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."