RF Micro Devices (RFMD) was up 8.9% in preopen Instinet trading after the maker of radio frequency products raised its second-quarter guidance.
RF Micro said it saw increased orders during the quarter and now expects to break even on a per-share basis on revenue of $91 million. The company previously estimated a loss of 3 cents a share. The consensus estimate calls for a loss of 4 cents a share.
RF Micro brought in $70.1 million in revenue the first quarter.