Qorvo® Reports Fiscal 2016 Fourth Quarter Results
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Brean Capital Raises Price Target on Qorvo (QRVO) to $62 Following 4Q Beat
May 5, 2016 10:18 AM EDTBrean 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
Qorvo (QRVO) PT Increased to $57 - BMO
May 5, 2016 7:07 AM EDTBMO 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
Needham & Company Raises Price Target on Qorvo (QRVO) to $53 Following Strong 4Q Beat
May 5, 2016 6:39 AM EDTNeedham & 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
Qorvo (QRVO) Tops Q4 EPS by 12c, Q1 Guidance Tops Views
May 4, 2016 4:03 PM EDTQorvo (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
