Qorvo (QRVO) Q1 Earnings Beat Estimates, Net Sales Rise Y/Y
QRVOQorvo(QRVO) ZACKS·2024-07-31 23:35

Qorvo, Inc. (QRVO) reported strong first-quarter fiscal 2025 results, with both the bottom and top lines beating the respective Zacks Consensus Estimate. The top line rose on a year-over-year basis, backed by solid demand trends in multiple end markets, including defense, aerospace, power management, WIFI, smartphone and automotive. Net IncomeOn a GAAP basis, the company reported a net income of 0.4millionorbreakevenearningspershareagainstanetlossof0.4 million or break-even earnings per share against a net loss of 43.6 million or a loss of 44 cents per share ...