Qorvo falls as quarterly revenue, profit forecasts fall below estimates

Qorvo

01/05/2024 21:17

** Shares of chip company Qorvo  QRVO.O  fall 11.8% to $98.7
in extended trading
    ** Expects Q1 revenue of $850 mln, plus or minus $25 mln, vs
est of $917.7 mln - LSEG
    ** Expects Q1 adj EPS between 60 cents and 80 cents per
share vs est of $1.27
    ** QRVO says Q4 revenue was $941 mln vs estimate of $926.3
mln
    ** Up to last close, stock was down ~1% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))