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-4.54368427885564E-05 -4.54368427885564E-05 -4.54368427885564E-05 -4.54368427885564E-05 0.00447617811242381 0.00909905231727904 0.00909905231727904 0.00909905231727904
Stock impact report

Qorvo Q3 Earnings Surpass Estimates on Solid Revenue Growth [Yahoo! Finance]

Qorvo, Inc. (QRVO) 
Last qorvo, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.qorvo.com/investor-relations
Company Research Source: Yahoo! Finance
During the quarter, the company's strong growth was driven by content gains, focus on higher-margin flagship smartphones, an improved product mix, growth in Wi-Fi and automotive ultra-wideband, steady HPA demand, and efficiency gains from restructuring, all of which boosted margins and profitability. On a GAAP basis, the company reported a net income of $164.1 million or $1.75 per share compared with a net income of $41.3 million or 43 cents per share in the prior-year quarter. Top-line growth and lower operating expenses boosted the bottom line during the quarter. Non-GAAP net income was $203.2 million or $2.17 per share compared with $152.8 million or $1.61 per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate by 30 cents. Qorvo, Inc. price-consensus-eps-surprise-chart | Qorvo, Inc. Quote Net sales during the quarter improved to $993 million from $916.3 million in the prior-year quarter, driven by a new high-band pad win in cellular-enabl Show less Read more
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