Qorvo (QRVO) Tops Q1 EPS by 37c; Guides Abovce
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Qorvo® Announces Fiscal 2021 First Quarter Financial Results
July 29, 2020 4:01 PM EDTGREENSBORO, N.C., July 29, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Companys fiscal 2021 first quarter, ended June 27, 2020.
On a GAAP basis, revenue for Qorvos fiscal 2021 first quarter was $787 million, gross margin was 41.4%, operating income was $93 million and diluted earnings per share was $0.83. On a non-GAAP basis, gross margin was 48.6%, operating income was $204 million and diluted earnings per share was $1.50.
Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo delivered an exceptional... More
