GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Qorvo Inc. (QRVO) on Tuesday reported fiscal third-quarter net income of $41.3 million.
On a per-share basis, the Greensboro, North Carolina-based company said it had profit of 43 cents. Earnings, adjusted for one-time gains and costs, were $1.61 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The chipmaker posted revenue of $916.3 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $901.3 million.
For the current quarter ending in March, Qorvo expects its per-share earnings to range from 90 cents to $1.10.
The company said it expects revenue in the range of $825 million to $875 million for the fiscal fourth quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QRVO at https://www.zacks.com/ap/QRVO
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