Qorvo (QRVO) Tops Q2 EPS by 13c, Offers Guidance

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Qorvo® Announces Fiscal 2019 Second Quarter Financial Results

October 31, 2018 4:00 PM EDT

GREENSBORO, N.C., Oct. 31, 2018 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Companys fiscal 2019 second quarter, ended September 29, 2018.  On a GAAP basis, revenue for Qorvos fiscal 2019 second quarter was $884 million, gross margin was 40.0%, operating income was $90 million and diluted earnings per share was $0.25.  On a non-GAAP basis, revenue for Qorvos fiscal 2019 second quarter was $884 million, gross margin was 47.7%, operating income was $253 million and diluted earnings per share was $1.75.

Bob Bruggeworth, president and chief... More