DALLAS, July 28, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring RF Micro Devices Inc. (Nasdaq:RFMD). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/RFMD
RF Micro Devices Inc. (RFMD) designs and manufactures high-performance radio frequency components and compound semiconductor technologies. Its products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (WLAN), CATV/broadband and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises and communications equipment providers.
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In the report, the analyst notes:
"RFMD's share price jumped by 7% on Wednesday, a day after it announced its June quarter results, which beat the Street's expectations. Investors also cheered the microchip maker's raising of its revenue for its fiscal second quarter."
"RFMD reported revenue of $214.2 million for the fiscal first quarter ended July 2, 2011, up from the previous quarter's $213.3 million but down from the prior-year quarter's revenue of $273.8 million. The Company attributed the sequential increase to growth in its core business."
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