Qorvo (QRVO) PT Lifted to $63 at Needham & Company Following Results
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Qorvo® Reports Fiscal 2017 First Quarter Results
August 2, 2016 4:00 PM EDTGREENSBORO, N.C., Aug. 02, 2016 (GLOBE NEWSWIRE) --
Quarterly Highlights
On a GAAP basis, revenue totaled $698.5 million, gross margin was 39.6%, operating income was $5.7 million, and loss per share was $0.04On a Non-GAAP basis, revenue was $697.6 million, gross margin was 48.2%, operating income was $167.6 million, and diluted EPS was $1.08Mobile Products supported multiple performance-tier and premium-tier smartphones with the industrys most complete product portfolio, including highly integrated high-, mid-, and low-band solutions, envelope tracking PMICs, filters, switches, LNAs, and antenna control solutionsQorvo production released its next-generation BAW filter process, and Mobile... More