Qorvo (QRVO) Tops Q2 EPS by 17c; Guides Q3 Lower
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Qorvo (QRVO) Stock Plunges on Disappointing Outlook and Commentary, Earns Two Downgrades as Analysts See Further Growth Moderation in 2022
November 4, 2021 8:16 AM EDTShares of Qorvo (NASDAQ: QRVO) are down over 9% in pre-open Thursday after the company presented a weak outlook for the current quarter.
Qorvo reported an FQ2 EPS of $3.42 to beat the analyst estimate of $3.25. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.25 billion.
Qorvo delivered a strong September quarter and is executing well. We are sustaining investments in highly differentiated technologies and best-in-class products to extend our leadership and drive growth. After the quarter closed, Qorvo acquired United Silicon Carbide, an innovator in silicon carbide power... More
Qorvo (QRVO) Reported Q2 Beat, But Stock Plunges 7% on Worse Than Expected Q3 Guidance
November 3, 2021 6:05 PM EDTQorvo (NASDAQ: QRVO) shares were trading more than 7% lower after-hours following the companys reported Q2 beat, but worse-than-expected Q3 guidance.
The quarterly EPS came in at $3.42 (vs. Streets $3.25) and revenue was $1.26 billion (vs. Streets $1.25 billion).
The company provided a... More
