UPDATE: Qorvo (QRVO) Tops Q3 EPS by 9c, Q4 Guidance Falls Short
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Qorvo® Reports Fiscal 2017 Third Quarter Results
February 1, 2017 4:01 PM ESTGREENSBORO, N.C., Feb. 01, 2017 (GLOBE NEWSWIRE) --
Highlights
On a GAAP basis, fiscal 2017 third quarter revenue was $826.3 million, gross margin was 37.6%, operating income was $61.4 million, and loss per share was $0.62On a Non-GAAP basis, fiscal 2017 third quarter revenue was $825.4 million, gross margin was 44.3%, operating income was $208.7 million, and diluted EPS was a record $1.35During the quarter, Qorvo released into production its next-generation BAW 5 filter technology, providing a 40% increase in Q factor for improved insertion loss and a 20% increase in coupling factor to provide wider bandwidths; the company commenced open-market... More