SAN FRANCISCO --

RF Micro Devices

(RFMD)

beat Wall Street expectations in its fiscal second quarter, even as it swung to a loss due to restructuring charges.

And the company offered a forecast for the current quarter that wasn't as bleak as those offered by many of its fellow chipmakers, sending shares up in extended trading.

The Greensboro, N.C., chipmaker posted a loss of $11. 8 million, or 4 cents a share, vs. net income of $14.5 million, or 7 cents a share at this time last year.

RFMD's results included a $17.6 million charge related to a reorganization announced in May that slashed 350 jobs from the payroll.

Excluding that charge, as well as stock option expenses and certain other charges, RFMD said it earned 7 cents a share in the current quarter. Analysts polled by Thomson Reuters were looking for 5 cents a share, excluding charges.

Shares of RFMD, which closed Tuesday's regular session up 7%, jumped a further 12% to $2.13 in extended trading.

The company said sales for the three months ended Sept. 27 totaled $271.7 million, ahead of is own forecast of $250 million to $260 million, as well as the average analyst expectation of $257 million.

At this time last year, RFMD had sales of $255.8 million.

RFMD said it experienced strong demand for the front-end cell phone components, as well as for its vestigial business selling transceiver chips for cell phones. RFMD announced in May that it would cease further development of transceiver chips -- a market in which it faced increasing competition from giants like

Qualcomm

(QCOM) - Get Report

and

ST Microelectronics

(STM) - Get Report

-- saving itself $75 million a year in operating expenses.

In a statement, CFO Dean Priddy said the recent restructuring will help RFMD weather the souring economic conditions.

But the company offered a conservative outlook for the final three months of the calendar year because of the uncertainty currently hanging over the market. While RFMD said the orders it has already booked suggested that revenue would increase in the current quarter, it forecast that sales would be flat to down 7% sequentially.

"We believe conservatism is prudent given the uncertainty currently surrounding global economic conditions," said Priddy.

The guidance translates to a range of $252.7 million to $271.7 million, compared to the $273.4 million expected by analysts.

RFMD said it expects to improve its operating profit margin in the current quarter, and the company projected adjusted EPS of 5 cents to 7 cents, vs. the 8 cents expected by analysts.