05:13 PM EDT, 05/01/2024 (MT Newswires) -- Qorvo ( QRVO ) reported fiscal Q4 non-GAAP earnings late Wednesday of $1.39 per diluted share, up from $0.26 a year earlier.

Analysts surveyed by Capital IQ expected $1.22.

Revenue for the quarter ended March 30 was nearly $941 million, up from $632.7 million a year earlier.

Analysts surveyed by Capital IQ expected $926.4 million.

The company said it estimates fiscal Q1 non-GAAP EPS of $0.60 to $0.80. Analysts surveyed by Capital IQ expected $1.30.

It expects revenue for the quarter of about $850 million, plus or minus $25 million. Analysts expected $923.9 million.

Shares of the company fell nearly 12% in after-hours trading.

Price: 98.50, Change: -13.39, Percent Change: -11.97