Wireless chip manufacturer Qorvo Inc. reported fiscal first-quarter earnings and revenue that topped Wall Street expectations but also projected second-quarter results below analyst projections, according to a filing Wednesday with the Securities and Exchange Commission.

The Greensboro-based company reported a loss of $30.6 million, or negative 24 cents per share. On a non-GAAP basis, the company reported earnings of 87 cents per share, topping analyst projections of 80 cents per share.

Revenue of $640.8 million for the quarter ended July 1 was higher than the $631.4 million projected by Wall Street.

“The Qorvo team delivered June quarter revenue and EPS at the high end of our guidance with continued progress toward achieving our margin targets,” said Chief Executive Officer Bob Bruggeworth in a statement.

The company’s stock rose $1.44, or 2.15 percent, to $68.30 in after-market trading on Wednesday.

However, the company said it expects its fiscal second quarter to produce results below what analysts are currently predicting.

Qorvo said it expects to produce earnings between $1.36 per share and $1.50 per share in the second quarter, below the analyst consensus estimate of $1.52 per share.

And it is projecting revenue between $800 million and $820 million, below the analyst consensus estimate of $845.1 million.

“In the second quarter, we expect strong sequential growth on seasonal phone launches, a modest China recovery, and continued strength in IDP,” said Chief Financial Officer Mark Murphy in a statement.