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Qorvo (QRVO) Tops Q4 Expectations on Robust Chip Demand, Analysts Hike PTs as 5G Momentum Continues
May 6, 2021 10:37 AM EDTQorvo (NASDAQ: QRVO) reported stronger-than-expected earnings for its fiscal fourth-quarter to send its shares mostly higher in the Thursday trading session.
The company said it earned an adjusted $2.74 a share on revenues of $1.07 billion in the quarter that ended April 3. This compares with earnings per share (EPS) of $2.43 a share on revenues of $1.04 billion. Reported sales mark a 36% jump in YoY sales while earnings erupted 75%.
March quarterly revenue... More
