Qorvo (QRVO) Tops Q4 EPS by 2c; Guides Q1 Below
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Qorvo® Announces Fiscal 2018 Fourth Quarter Financial Results
May 2, 2018 4:00 PM EDTGREENSBORO, N.C., May 02, 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 fourth quarter, ended March 31, 2018. On a GAAP basis, revenue for Qorvos fiscal 2018 fourth quarter was $665.4 million, gross margin was 38.0%, operating loss was $31.8 million, and loss per share was $0.10. On a non-GAAP basis, revenue for Qorvos fiscal 2018 fourth quarter was $664.4 million, gross margin was 48.0%, operating income was $163.1 million, or 24.5% of sales, and diluted earnings per share was $1.07.
Bob Bruggeworth, president and... More
