Qorvo (NASDAQ:QRVO) reported its Q3 earnings results on Wednesday, February 2, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Qorvo beat estimated earnings by 7.97%, reporting an EPS of $2.98 versus an estimate of $2.76, which did not surprise analysts.
Revenue was up $19.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17, which was followed by a 13.28% drop in the share price the next day.
Here's a look at Qorvo's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 3.25 | 2.45 | 2.43 | 2.68 |
| EPS Actual | 3.42 | 2.83 | 2.74 | 3.08 |
| Revenue Estimate | 1.25B | 1.08B | 1.04B | 1.07B |
| Revenue Actual | 1.25B | 1.11B | 1.07B | 1.09B |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
