Qorvo (QRVO) Tops Q4 EPS by 13c; Guides
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Qorvo® Announces Fiscal 2023 Fourth Quarter Financial Results
May 3, 2023 4:00 PM EDTGREENSBORO, N.C., May 03, 2023 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Companys fiscal 2023 fourth quarter ended April 1, 2023.
On a GAAP basis, revenue for Qorvos fiscal 2023 fourth quarter was $633 million, gross margin was 18.1%, operating loss was $189 million and loss per share was $1.39. On a non-GAAP basis, gross margin was 41.3%, operating income was $34 million and diluted earnings per share was $0.26.
Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo is operating well and investing in... More
