Citi Downgrades Qorvo Inc (QRVO) to Sell
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Qorvo® Reports Fiscal 2016 Third Quarter Results
February 4, 2016 4:03 PM ESTGREENSBORO, N.C. and HILLSBORO, Ore., Feb. 04, 2016 (GLOBE NEWSWIRE) --
Financial Highlights
GAAP quarterly revenue was $620.7 millionOther GAAP results were gross margin of 37.2%, operating loss of $13.2 million, and a loss of $0.08 per shareOn a Non-GAAP basis, revenue was $619.7 million, gross margin was 47.9%, operating income was $156.9 million, and diluted EPS was $1.03Cash flow from operations was $218.0 million with free cash flow of $156.5 millionQorvo repurchased 4.6 million shares of common stock for $250 millionStrategic Highlights
Grew dollar content in the marquee... More