(Reuters) – Chipmaker RF Micro Devices Inc forecast current-quarter revenue below market expectations, saying it expects revenue from its wireless infrastructure business to decline, mainly due to lower seasonal orders from cable TV networks.
RF Micro’s shares fell as much as 6.6 percent to $5.75 after the bell on Tuesday.
The company’s multi-market products business unit, which makes routers and chips for wireless infrastructure such as WiFi connectivity, is its second-biggest revenue generator.
“I think the disappointment is that revenue forecast isn’t as high as expectations,” Charter Equity Research analyst Edward Snyder told Reuters.
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