Qorvo (QRVO) Tops Q4 EPS by 24c; Guides Above Views

Qorvo (NASDAQ: QRVO) reported Q4 EPS of $1.57, $0.24 better than the analyst estimate of $1.33. Revenue for the quarter came in at $788 million versus the consensus estimate of $761.26 million.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, “Qorvo delivered a strong quarter under challenging circumstances, and I couldn’t be more proud of how our team is responding. We are operating well, focused on keeping our employees, partners and communities healthy, while supporting customers and advancing technology. Our technologies and operations are more important than ever as we support global deployments in 5G handsets and infrastructure, defense, Wi-Fi 6 and IoT.”

GUIDANCE:

Qorvo sees Q1 2021 EPS of $1.13 at the midpoint, versus the consensus of $1.07. Qorvo sees Q1 2021 revenue of $710-750 million, versus the consensus of $707.82 million.

For earnings history and earnings-related data on Qorvo (QRVO) click here.

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