RF Micro in the loss column for second quarter
RF Micro Devices said Tuesday that it lost $20 million in its second fiscal quarter, or 10 cents a share, due to a $34 million charge it incurred for an investment in Jazz Semiconductors.
RF reported record revenue for the quarter of $247 million, which is a 3.6 percent increase over the first quarter’s earnings.
The semiconductor maker also predicts that its net income will be 10 cents a share next quarter, with revenues reaching as high as $280 million.
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