Qorvo reports Q3 EPS $2.17, consensus $1.86

Reports Q3 revenue $992.96M, consensus $984.6M. Bob Bruggeworth, president and chief executive officer of Qorvo (QRVO), said, “Qorvo’s December quarterly revenue primarily reflects strength at our largest customer. Each of our operating segments grew revenue year-over-year, with notable strength in automotive components, consumer and enterprise Wi-Fi, D&A, base station, and power management. Looking forward, our March quarterly outlook reflects the seasonal decline at our largest customer, the ongoing strategic resizing of our Android business, and continued strength in HPA.”