** charts before earnings **
** charts after earnings **
Qorvo misses by $0.12, beats on revs; guides Q3 EPS in-line, previously announced a $500 mln share buyback - see 16:02 comment :
- Reports Q2 (Sep) earnings of $1.29 per share, excluding non-recurring items, $0.12 worse than the Capital IQ Consensus of $1.41; GAAP revenues rose 22.2% year/year to $864.7 mln vs the $834.85 mln Capital IQ Consensus.
- On a non-GAAP basis, gross margin was 42.8%.
- Co issues guidance for Q3, sees EPS of $1.15-1.35, excluding non-recurring items, vs. $1.45 Capital IQ Consensus Estimate; sees Q3 non-GAAP revs of $800-840 mln, may not be comparable to $845.40 mln Capital IQ Consensus Estimate. GAAP sequential gross margin expansion of 100 to 200 bps.
- "Separately, we are pleased to announce that Qorvo's Board of Directors this week has authorized a $500 million share repurchase program."
No comments:
Post a Comment