Qorvo (QRVO) Earnings Report, Financial Results, Financial analysis

Qorvo, Inc. reported in III. Quarter net earnings per share of $0.55 an improvement compare to net loss per share of $-0.26 recorded a year ago and an improvement of 120 % from $0.25 realized in II. Quarter (Sep 29 2018).

*III. Quarter*
Earnings Per Share	Revenues
$ 0.55	$ 832 Mill
$+0.81	$-13M -1.59 %

Qorvo's Revenue fell by -1.59 % in III. Quarter (Dec 29 2018) year on year, to $832 million and declined by -5.89 % sequentially.

Qorvo is Expected to report next financial results on May 10, 2019.

More on QRVO's Income Statement

QRVO's NET INCOME

Qorvo's net income of $70 million in III. Quarter increased from net loss of $-33 million III. Quarter a year ago.

Sequentially net earnings grew by 116.67 % from net income of $32.08 million realized in previous quarter.

More on QRVO's Growth

Inventories grew by 9.94 % to $465 million from III. Quarter a year ago, sequentially inventories fell by -2.02 %. In III. Quarter company's net cash and cash equivalents decreased by $0 million, capital expenditures fell by 58.37%, to $-72 millions compare to same quarter a year ago and fell by 2.65% from II. Quarter (Sep 29 2018).

More on QRVO's Cash flow Statement

Earnings quality

Qorvo, Inc. does not pay out common stock dividend.

In trailing twelve-month period Qorvo, Inc. earned $ 0.23 cash per share, on a free-cash flow basis 50.49 % of net earning per share.

Book value grew by 0.15 % sequentially to $36.09 per share, -404.23% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 15.29 per share from $ 14.49.

Company repurchased 1.71 million shares or 1.33 % in III. Quarter.
Interest Coverage Ratio was 0.96. Debt Coverage Ratio was 0.06.

• More on QRVO's Dividends

Market Capitalization (Millions)	8,354
Shares Outstanding (Millions)	127
Total Debt (Millions $)	714
Revenue (TTM) (Millions $)	3,075
Net Income (TTM) (Millions $)	59
Cash Flow (TTM) (Millions $)	0
Capital Exp. (TTM) (Millions $)	52
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	8,300

Earnings quality

• More on QRVO's Balance Sheets

Market Capitalization (Millions)	8,354
Shares Outstanding (Millions)	127
Total Debt (Millions $)	714
Revenue (TTM) (Millions $)	3,075
Net Income (TTM) (Millions $)	59
Cash Flow (TTM) (Millions $)	0
Capital Exp. (TTM) (Millions $)	52
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	8,300

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Qorvo, Inc.

QRVO's Financial Statements and Analysis