Qorvo Fiscal Q4 Tops Estimates; Shares Rise After-Hours

MT Newswires Live
04-30

Qorvo (QRVO) reported fiscal Q4 non-GAAP earnings late Tuesday of $1.42 per diluted share, up from $1.39 a year earlier.

Analysts polled by FactSet expected $1.00.

Revenue for the quarter ended March 29 was $869.5 million, down from $941.0 million a year earlier.

Analysts surveyed by FactSet expected $850.4 million.

The company said it expects fiscal Q1 non-GAAP EPS of $0.50 to $0.75. Analysts expected $0.61.

Qorvo expects revenue for the quarter of $750 million to $800 million. Analysts expected $754.9 million.

Shares of Qorvo were up more than 8% in after-hours activity.

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