QRVO - Qorvo Analysts Cut Their Forecasts After Weak Outlook | Benzinga
Qorvo, Inc. (NASDAQ:QRVO) reported upbeat results for the fourth quarter, but issued weak current-quarter forecast.
Qorvo posted adjusted earnings of $1.39 per share, beating market estimates of $1.21 per share. The company's quarterly sales came in at $941.000 million versus expectations of $926.248 million, according to data from Benzinga Pro.
Grant Brown, chief financial officer of Qorvo, said, "In fiscal 2024, Qorvo achieved significant content gains with key mobile customers and robust revenue growth in our defense and aerospace business. As we begin fiscal 2025, flagship smartphone ...