Qorvo (QRVO) Tops Q3 EPS by 16c, Q4 Guidance Misses

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Qorvo® Announces Fiscal 2019 Third Quarter Financial Results

February 7, 2019 4:00 PM EST

GREENSBORO, N.C., Feb. 07, 2019 (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 third quarter, ended December 29, 2018.  On a GAAP basis, revenue for Qorvos fiscal 2019 third quarter was $832 million, gross margin was 40.7%, operating income was $81 million and diluted earnings per share was $0.55.  On a non-GAAP basis, revenue for Qorvos fiscal 2019 third quarter was $832 million, gross margin was 49.5%, operating income was $261 million and diluted earnings per share was $1.85.

Bob Bruggeworth, president and chief executive officer of Qorvo,... More