Qorvo® Reports Fiscal 2016 Fourth Quarter Results
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May 5, 2016 10:18 AM EDT
Brean Capital reiterated a Buy rating on Qorvo Inc (NASDAQ: QRVO), and raised the price target to $62.00 (from $55.00), following the company's 4Q earnings report. QRVO reported revenue and EPS of $608M/$1.04 vs. Street at $599M/$0.92. Revenue only declined 2% Q/Q and was better than normal seasonal patterns. For the JunQ, the company expects revenue to grow 7% Q/Q to $650M vs. Street at $626M. For gross margins,... More
May 5, 2016 7:07 AM EDT
BMO Capital analyst Tim Long raised his PT to $57 up from $50 after Qorvo Inc (NASDAQ: QRVO) reported positive results and provided strong June guidance. The analyst had been concerned that recent iPhone weakness would continue to drag down results, but it appears the earlier... More
May 5, 2016 6:39 AM EDT
Needham & Company reiterated a Buy rating on Qorvo Inc (NASDAQ: QRVO), and raised the price target to $53.00 (from $50.00), following the company's 4Q earnings report. QRVO reported revenue and NG EPS of $607MM/$1.04. Results exceeded guidance, as well as consensus estimates of $595MM/$0.90. Management guided F1Q17 revenue... More
May 4, 2016 4:03 PM EDT
Qorvo (NASDAQ: QRVO) reported Q4 EPS of $1.04, $0.12 better than the analyst estimate of $0.92. Revenue for the quarter came in at $607.1 million versus the consensus estimate of $599.16 million.
GUIDANCE:
Qorvo sees Q2 2017 EPS of $1.05, versus the consensus of $0.96. Qorvo sees Q2 2017... More
