Stock Track | Qorvo Plunges 5.36% After-Hours Despite Beating Q3 Earnings Estimates

Stock Track

01-29

Qorvo Inc. (QRVO), a leading chipmaker, experienced an after-hours plunge of 5.36% on Tuesday, despite reporting better-than-expected fiscal third-quarter earnings results.

The company reported a net income of $41.3 million, or $0.43 per share, for the quarter ended December 2024. Adjusted earnings per share came in at $1.61, surpassing the Zacks Consensus Estimate of $1.20 per share. Revenue for the quarter was $916.3 million, also beating analysts' expectations of $901.3 million.

However, Qorvo provided a disappointing revenue guidance for the upcoming fiscal fourth quarter. The company expects revenue in the range of $825 million to $875 million, lower than analysts' expectations. This weaker-than-anticipated outlook for the next quarter appears to have contributed to the after-hours stock plunge.

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(QRVO), a leading chipmaker, experienced an after-hours plunge of 5.36% on Tuesday, despite reporting better-than-expected fiscal third-quarter earnings results.</p>\n<p>The company reported a net income of $41.3 million, or $0.43 per share, for the quarter ended December 2024. Adjusted earnings per share came in at $1.61, surpassing the Zacks Consensus Estimate of $1.20 per share. Revenue for the quarter was $916.3 million, also beating analysts' expectations of $901.3 million.</p>\n<p>However, Qorvo provided a disappointing revenue guidance for the upcoming fiscal fourth quarter. The company expects revenue in the range of $825 million to $875 million, lower than analysts' expectations. This weaker-than-anticipated outlook for the next quarter appears to have contributed to the after-hours stock plunge.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QRVO","symbol_name":"Qorvo, Inc.","start_time":0,"source_url":"","article_id":"1198400889","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198400889","pubTimestamp":1738103667,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Qorvo Inc. , a leading chipmaker, experienced an after-hours plunge of 5.36% on Tuesday, despite reporting better-than-expected fiscal third-quarter earnings results.The company reported a net income of $41.3 million, or $0.43 per share, for the quarter ended December 2024. 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