GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Qorvo Inc. (QRVO) on Tuesday reported fiscal third-quarter earnings of $164.1 million.
The Greensboro, North Carolina-based company said it had profit of $1.75 per share. Earnings, adjusted for one-time gains and costs, came to $2.17 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The chipmaker posted revenue of $993 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $991.3 million.
For the current quarter ending in March, Qorvo expects its per-share earnings to range from $1.05 to $1.35.
The company said it expects revenue in the range of $775 million to $825 million for the fiscal fourth quarter.
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