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Qorvo: Q1 Earnings Insights

Benzinga Insights

Shares of Qorvo (NASDAQ:QRVO) moved higher by 1.67% after the company reported Q1 results.

Quarterly Results

Earnings per share were up 10.29% year over year to $1.50, which beat the estimate of $1.13.

Revenue of $787,451,000 up by 1.53% from the same period last year, which beat the estimate of $730,170,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Qorvo hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 29, 2020

View more earnings on QRVO

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/vei3ombz

Price Action

Company's 52-week high was at $122.37

Company's 52-week low was at $67.54

Price action over last quarter: Up 11.84%

Company Description

Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged with one another in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

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