Needham & Company Cuts Price Target on Qorvo (QRVO) Following 1Q16 Results and Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/20/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
Qorvo Reports Fiscal 2016 First Quarter Results
July 29, 2015 4:00 PM EDTGREENSBORO, N.C., and HILLSBORO, Ore., July 29, 2015 (GLOBE NEWSWIRE) --
Quarterly Financial Highlights
GAAP quarterly revenue grew 6% sequentially to $673.6 million On a GAAP basis, gross margin was 41.5%, operating loss was ($1.3) million, and EPS was $0.01 Non-GAAP gross margin expanded to 51.5%, reflecting favorable product mix and synergies Non-GAAP operating income increased by 11% sequentially to $187.8 million, or 27.9% of revenue Non-GAAP EPS was $1.09 Qorvo repurchased approximately 602,000 shares of common stock at an average price of $83.10Strategic Highlights
Increased GaN revenue 30% year-over-year, led by strength in... MoreQorvo Reports Fiscal 2016 First Quarter Results
July 29, 2015 4:00 PM EDTGREENSBORO, N.C., and HILLSBORO, Ore., July 29, 2015 (GLOBE NEWSWIRE) --
Quarterly Financial Highlights
GAAP quarterly revenue grew 6% sequentially to $673.6 million On a GAAP basis, gross margin was 41.5%, operating loss was ($1.3) million, and EPS was $0.01 Non-GAAP gross margin expanded to 51.5%, reflecting favorable product mix and synergies Non-GAAP operating income increased by 11% sequentially to $187.8 million, or 27.9% of revenue Non-GAAP EPS was $1.09 Qorvo repurchased approximately 602,000 shares of common stock at an average price of $83.10Strategic Highlights
Increased GaN revenue 30% year-over-year, led by strength in... More