Qorvo’s Earnings Surprise Turns Sour: Here’s What Investors Need to Know
Qorvo’s stock rollercoaster continues as investors reacted to the semiconductor giant’s latest earnings report. Initially, shares soared over 13% after Qorvo unveiled better-than-expected fiscal third-quarter results. The company reported earnings of $1.61 per share and revenues hitting $916 million, exceeding analyst predictions.