Reported about 11 hours ago
Qorvo's stock jumped 10.5% after the company reported earnings of $1.42 per share and sales of $869.5 million, surpassing analyst expectations. Despite this, the company experienced a 7.6% decline in year-over-year sales and forecast a 13% revenue drop for the upcoming quarter. While investors are optimistic, the overall business outlook raises concerns, suggesting caution for potential buyers.
Source: YAHOO