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We continue our Q4 earnings parade, particularly after Wednesday's close.
Qorvo shares initially surged more than 13% after the company reported better-than-expected earnings, but reversed due to comments made about sales to its "largest customer." "For FY 2026, we're currently forecasting revenue at our largest customer to be flat to up modestly," Qorvo CEO Robert Bruggeworth said.
Qorvo (QRVO -5.52%), a prominent player in radio frequency (RF) solutions, released its Q3 Fiscal 2025 earnings on January 28, 2025, showcasing admirable performance despite market obstacles.
Although the revenue and EPS for Qorvo (QRVO) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Qorvo (QRVO) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $2.10 per share a year ago.
GREENSBORO, N.C., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company's fiscal 2025 third quarter ended December 28, 2024.
The activist investor is familiar with Qorvo, dating back to one of its predecessor companies.
QRVO is expected to witness a top-line contraction year over year in the third quarter of fiscal 2025, owing to weakness in some end markets.
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 some of its key metrics.
Subscribers to Chart of the Week received this commentary on Sunday, January 19.