Micro Devices Q2 Adj. Profit Tops View - Quick Facts

(RTTNews) - Micro Devices Inc. (RFMD), a maker of high-performance radio frequency solutions, Tuesday reported net income of $5.9 million or $0.02 per share for the second quarter of fiscal 2014. This compares with a net loss of $16.5 million or $0.06 per share last year.

Excluding amortization costs and other items, earnings for the quarter were $33.9 million or $0.12 per share, compared with $7.8 million or $0.03 per share a year ago.

Revenues for the quarter were up 48% at $310.70 million, compared with $209.70 million in the prior year.

On average, sixteen analysts polled by Thomson Reuters estimated earnings of $0.10 per share on revenues of $308.23 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the third quarter, the company expects adjusted earnings of $0.13 to $0.14 per share. Analysts expect earnings of $0.13 per share.