QRVO - What's Going On With Qorvo Stock After Hours? | Benzinga
Qorvo Inc (NASDAQ:QRVO) shares are trading higher in Wednesday’s after-hours session after the company reported fiscal third-quarter results and announced it will acquire Anokiwave.
- Q3 Revenue: $1.07 billion beat estimates of $1 billion
- Q3 EPS: $2.10 beat estimates of $1.66
Revenues were up 44% on a year-over-year basis. Gross margin came in at 36.1% on a GAAP basis and 43.8% on a non-GAAP basis.
“Strong execution by the Qorvo team resulted in robust December quarterly financial performance. During ...