Qorvo (NASDAQ:QRVO) reported its Q4 earnings results on Wednesday, May 3, 2023 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Qorvo beat estimated earnings by 100.0%, reporting an EPS of $0.26 versus an estimate of $0.13.
Revenue was down $533.30 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 5.78% drop in the share price the next day.
Here’s a look at Qorvo’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.63 | 2.58 | 2.12 | 2.92 |
| EPS Actual | 0.75 | 2.66 | 2.25 | 3.12 |
| Revenue Estimate | 725.80M | 1.14B | 1.02B | 1.15B |
| Revenue Actual | 743.28M | 1.16B | 1.03B | 1.17B |
Listen to the earnings announcement yourself by clicking here.
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.
