Brean Capital Raises Price Target on Qorvo (QRVO) to $62 Following 4Q Beat

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/30/2026

1. INTC
2. AMZN
3. RDDT
4. COIN
5. PINS
6. FSLR
7. SYK
8. GILD
9. SBUX
10. SNDK

Go back to Brean Capital Raises Price Target on Qorvo (QRVO) to $62 Following 4Q Beat

Qorvo® Reports Fiscal 2016 Fourth Quarter Results

May 4, 2016 4:01 PM EDT

Revenue Diversification and Highly Integrated Solutions Expected to Drive Growth

GREENSBORO, N.C. and HILLSBORO, Ore., May 04, 2016 (GLOBE NEWSWIRE) --

Quarterly Financial Highlights

On a GAAP basis, quarterly revenue totaled $608.1 million, gross margin was 41.8%, operating income was $8.5 million, and loss per share was $0.18 On a Non-GAAP basis, revenue was $607.1 million, gross margin was 50.0%, operating income was $160.6 million, and diluted EPS was $1.04 Cash flow from operations was $160.5 million, with free cash flow of $76.1 millionQorvo repurchased approximately 10.0 million shares of common stock

Strategic Highlights

... More