Why RF Micro Devices (RFMD) Stock Is Up Today

NEW YORK (TheStreet) -- RF Micro Devices (RFMD) 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.

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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 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 Chart RFMD data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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