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Qorvo: Fiscal Q4 Earnings Snapshot

GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Qorvo Inc. (QRVO) on Tuesday reported fiscal fourth-quarter net income of $29.7 million.

The Greensboro, North Carolina-based company said it had net income of 32 cents per share. Earnings, adjusted for one-time gains and costs, were $1.69 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The chipmaker posted revenue of $808.3 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $799.7 million.

For the year, the company reported profit of $339 million, or $3.62 per share. Revenue was reported as $3.68 billion.

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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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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