Qorvo Inc (NASDAQ:QRVO) shares jumped more than 18% in aftermarket trading after its third-quarter earnings beat Wall Street estimates. Company reported adjusted earnings per share of $1.61, beating the consensus of $1.
Qorvo stock soars after the company reports its third-quarter financial results after Tuesday's closing bell. Here's a look at the key figures from the quarter.
Communications chips maker Qorvo (NASDAQ: QRVO) announced in Q4 CY2024, but sales fell by 14.7% year on year to $916.3 million. Guidance for next quarter’s revenue was better than expected at $850 million at the midpoint,
Shares of Qorvo Inc. QRVO slid 2.11% to $85.78 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.92% to 6,067.70 and the Dow Jones Industrial Average DJIA rising 0.31% to 44,850.35.
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Qorvo (QRVO) shares were active in late trading on Tuesday after the semiconductor company reported fiscal third-quarter results and guidance. Read for more.
GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Qorvo Inc. (QRVO) on Tuesday reported fiscal third-quarter net income of $41.3 million. On a per-share basis, the Greensboro, North Carolina-based company said it had profit of 43 cents. Earnings, adjusted for one-time gains and costs, were $1.61 per share.
Qorvo is anticipated to release earnings for the 2024 fiscal-year third-quarter on Tuesday after the market closes.
Get a deeper insight into the potential performance of Qorvo (QRVO) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for ...
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Qorvo shares rose in early trading Friday after a Wall Street Journal report found that activist investor Starboard Value has built a big stake in the chip maker and is looking to push for changes. Shares rose 7.3% higher in premarket trading at $78.99.
Shares of chipmaker Qorvo (NASDAQ: QRVO) rallied 13.4% on Friday, as of 1:55 p.m. ET. Qorvo soared on the news that an activist investor had taken a sizable stake in the company. Given that the stock is down about 29% in the last year and activist involvement could lead to shareholder-friendly moves, Qorvo rallied on the news.