BUZZ-Qorvo falls on sequential drop in revenue

Reuters
01-29
BUZZ-Qorvo falls on sequential drop in revenue

** Shares of chipmaker Qorvo QRVO.O fall 3.2% to $83 in extended trading

** ** QRVO reports Q3 revenue of $916.3 million vs $1.05 billion in Q2

** Expects Q4 revenue of $850 million, plus or minus $25 million, vs est of $841.2 mln - LSEG

** Co expects Q4 adj EPS between $0.90 and $1.10 per share vs est of $0.86

** QRVO stock down 15% in the past 12 months

(Reporting by Priyanka.G in Bengaluru)

((priyanka.g@thomsonreuters.com;))

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