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Wednesday, January 31, 2018

=Qorvo Inc. (QRVO) reported earnings on Wed 31 January 2018 (a/h)

GREENSBORO, N.C. (AP) _ Qorvo Inc. (QRVO) on Wednesday reported a loss of $33.1 million in its fiscal third quarter.
On a per-share basis, the Greensboro, North Carolina-based company said it had a loss of 26 cents. Earnings, adjusted for amortization costs and pretax expenses, were $1.69 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The chipmaker posted revenue of $845.7 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $840.9 million.
Qorvo shares have risen roughly 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $71.77, a climb of 12 percent in the last 12 months.

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