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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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