Previous close | 116.84 |
Open | 113.64 |
Bid | 111.80 x 400 |
Ask | 111.94 x 400 |
Day's range | 111.81 - 116.22 |
52-week range | 80.62 - 121.65 |
Volume | |
Avg. volume | 1,157,570 |
Market cap | 10.803B |
Beta (5Y monthly) | 1.56 |
PE ratio (TTM) | N/A |
EPS (TTM) | -2.08 |
Earnings date | 01 May 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 116.23 |
Strategic Acquisitions and Market Expansion Fuel Growth
Qorvo (QRVO) delivered earnings and revenue surprises of 14.88% and 1.68%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Communications chips maker Qorvo (NASDAQ: QRVO) reported Q1 CY2024 results exceeding Wall Street analysts' expectations, with revenue up 48.7% year on year to $941 million. On the other hand, next quarter's revenue guidance of $850 million was less impressive, coming in 8% below analysts' estimates. It made a non-GAAP profit of $1.39 per share, improving from its profit of $0.26 per share in the same quarter last year.