Qorvo (QRVO) stock jumps 5% on strong results and guidance
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Qorvo® Announces Fiscal 2024 Third Quarter Financial Results
January 31, 2024 4:00 PM ESTGREENSBORO, N.C., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Companys fiscal 2024 third quarter ended December 30, 2023.
Strategic Highlights
Grew quarterly revenue 44% year-over-year and exceeded high-point of revenue guidance by $49 millionRecognized by top four China-based Android 5G OEMs with 2023 awards for innovation, quality, supply, technology and strategic partnershipSigned definitive agreement to acquire Anokiwave, a leading supplier of high-performance silicon integrated circuits for intelligent active array... More