FX.co ★ Qorvo, Inc. Q1 Earnings Summary

Qorvo, Inc. (QRVO) has released its earnings report for the first quarter. Key highlights include:

- **Earnings:** The company posted a profit of $0.4 million, a significant turnaround from a loss of $43.6 million in the same period last year.

- **Earnings Per Share (EPS):** Qorvo recorded an EPS of $0, compared to a loss of $0.44 per share in the previous year's first quarter.

- **Adjusted Earnings:** Excluding certain items, adjusted earnings were $83.5 million or $0.87 per share. This exceeded analysts' expectations, who had projected $0.71 per share.

- **Revenue:** Qorvo reported revenue of $886.7 million for the first quarter, up from $651.2 million in the same period last year.