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Stock impact report

Qorvo (QRVO) Up 8.3% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]

Qorvo, Inc. (QRVO) 
Last qorvo, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.qorvo.com/investor-relations
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Qorvo due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Qorvo Q3 Earnings Beat Estimates on Higher Revenues Qorvo reported strong third-quarter fiscal 2024 results, with the bottom and the top line beating the respective Zacks Consensus Estimate. The company reported top-line expansion year over year, backed by solid demand trends in multiple end markets, including defense, aerospace, power management, WIFI, smartphone and automotive. However, weakness in the cellular base station market partially impeded this positive trend. Net Income On a GAAP basis, the company reported a net loss of $126.9 million or a loss of $1.31 per share compared with a net loss of $15.9 million or a loss of 16 cents per share in the prior-year quarter. De Show less Read more
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