Qorvo (QRVO) Tops Q4 EPS by 4c; Guides Lower
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Qorvo® Announces Fiscal 2017 Fourth Quarter Results
May 3, 2017 4:01 PM EDTGREENSBORO, N.C., May 03, 2017 (GLOBE NEWSWIRE) -- Qorvo (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Companys fiscal 2017 fourth quarter, ended April 1, 2017. On a GAAP basis, fiscal 2017 fourth quarter revenue increased 5.7% year-over-year to $643.0 million. Gross margin was 36.0%, operating loss was $24.5 million, and diluted EPS was $0.43. On a non-GAAP basis, fiscal 2017 fourth quarter revenue was $642.0 million, gross margin was 46.2%, operating income was $133.4 million, or 20.8% of sales, and diluted EPS was $0.85.
Quarterly Highlights
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