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RFMD reports Q4 update

RFMD has delivered an update on its Q4 performance.
RF Micro Devices (RFMD) has announced an update to its fourth-quarter (Q4) predictions for the financial year ending April 3rd 2010.

The company has stated revenue is expected to total between $240 million (£160.1 million) and $245 million during the three-month period - representing a 41 per cent year-on-year growth for the firm.

As a result, RFMD expects to deliver quarterly earnings per share of approximately $0.11 to $0.12 in Q4.

The high-performance radio frequency components and compound semiconductor developer - which has its headquarters in Greensboro, North Carolina - made its forward-looking estimates based on non-GAAP financial measures.

As such, RFMD has been unable to provide a consolidated set of results for the last 12 months. Indeed, the company noted these figures may therefore vary slightly from its final year-end results.

RFMD officially announced these findings at the Raymond James 31st Annual Institutional Investors Conference in Orlando, Florida, which took place this afternoon (March 9th).
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