Qorvo Surpasses Q3 Earnings Expectations with Revenue Growth
Qorvo Inc. (QRVO) reported fiscal third-quarter net income of $41.3 million, or an earnings per share of 43 cents, exceeding analysts' estimates of $1.20. Adjusted earnings were $1.61 per share.
The company's revenue reached $916.3 million, surpassing expectations of $901.3 million.
For the current quarter ending in March, Qorvo estimates per-share earnings between 90 cents and $1.10, with revenue projected in the range of $825 million to $875 million.