UPDATE: RF Micro Devices Posts FQ2 Profit

RF Micro Devices RFMD posted a profit in the fiscal second quarter. For the current quarter, RF Micro Devices projects adjusted earnings of $0.13 to $0.14 per share, on revenue of around $293 million to $307.7 million. However, analysts were expecting earnings of $0.13 per share on revenue of $326.3 million. RF Micro Devices posted a quarterly profit of $5.9 million, or $0.02 per share, versus a year-earlier loss of $16.5 million, or $0.06 per share. Excluding one-time items, it earned $0.12 per share. Its revenue surged 48% to $310.7 million. RF Micro Devices in July expected earnings of $0.10 to $0.11 per share on revenue of $305 million to $310 million. RF Micro Devices shares closed at $6.16 yesterday.