Qorvo Inc (QRVO) PT Raised to $88 at Needham & Company
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Qorvo® Announces Fiscal 2018 Third Quarter Financial Results
January 31, 2018 4:00 PM ESTGREENSBORO, N.C., Jan. 31, 2018 (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 third quarter, ended December 30, 2017. On a GAAP basis, revenue for Qorvos fiscal 2018 third quarter was $845.7 million, gross margin was 39.8%, operating income was $80.3 million, or 9.5% of sales, and loss per share was $0.26. On a non-GAAP basis, revenue for Qorvos fiscal 2018 third quarter was $844.8 million, gross margin was 48.0%, operating income was $254.3 million, or 30.1% of sales, and diluted earnings per share was $1.69.
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