Qorvo: Fiscal Q4 Earnings Snapshot
By AP News
Published - May 03, 2023, 05:21 PM ET
Last Updated - Jun 21, 2023, 11:12 PM EDT
GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Qorvo Inc. (QRVO) on Wednesday reported a loss of $138.4 million in its fiscal fourth quarter.
The Greensboro, North Carolina-based company said it had a loss of $1.39 per share. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The chipmaker posted revenue of $632.7 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $621.3 million.
