Qorvo: Q3 Earnings Insights

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Qorvo QRVO reported its Q3 earnings results on Wednesday, January 31, 2024 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Qorvo beat estimated earnings by 26.51%, reporting an EPS of $2.1 versus an estimate of $1.66.

Revenue was up $330.72 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.62 which was followed by a 2.66% drop in the share price the next day.

Here's a look at Qorvo's past performance:

Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023
EPS Estimate 1.77 0.15 0.13 0.63
EPS Actual 2.39 0.34 0.26 0.75
Revenue Estimate 1.00B 639.84M 621.35M 725.80M
Revenue Actual 1.10B 651.16M 632.70M 743.28M

To track all earnings releases for Qorvo visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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