Qorvo: Fiscal Q3 Earnings Snapshot

GREENSBORO, N.C. (AP) _ Qorvo Inc. (QRVO) on Wednesday reported a loss of $15.9 million in its fiscal third quarter.

On a per-share basis, the Greensboro, North Carolina-based company said it had a loss of 16 cents. Earnings, adjusted for amortization costs and restructuring costs, were 75 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The chipmaker posted revenue of $743.3 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $727.2 million.

For the current quarter ending in March, Qorvo expects its per-share earnings to range from 10 cents to 15 cents.

The company said it expects revenue in the range of $600 million to $640 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 QRVO">Zacks stock report on QRVO at https://www.zacks.com/ap/QRVO