Qorvo (QRVO) Tops Q1 EPS by 7c; Guides Below Views
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Qorvo® Announces Fiscal 2018 First Quarter Results
August 2, 2017 4:00 PM EDTGREENSBORO, N.C., Aug. 02, 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 2018 first quarter, ended July 1, 2017.  On a GAAP basis, fiscal 2018 first quarter revenue was $640.8 million, gross margin was 36.9%, operating loss was $27.8 million, and diluted loss per share was $0.24.  On a non-GAAP basis, fiscal 2018 first quarter revenue was $639.9 million, gross margin was 47.3%, operating income was $137.4 million, or 21.5% of sales, and diluted EPS was $0.87.
Bob Bruggeworth, president and chief executive officer of Qorvo, said,... More
