Qorvo (QRVO) Reported Q2 Beat, But Stock Plunges 7% on Worse Than Expected Q3 Guidance
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After-Hours Stock Movers 11/03: (QCOM) (FSLY) (BKNG) Higher; (UPLD) (MGNI) (TNDM) Lower (more...)
November 3, 2021 6:01 PM EDTAfter-Hours Stock Movers:
Upland Software (NASDAQ: UPLD) 19.3% LOWER; reported Q3 EPS of $0.57, $0.10 better than the analyst estimate of $0.47. Revenue for the quarter came in at $76.12 million versus the consensus estimate of $77.71 million. Upland Software sees Q4 2021 revenue of $73.2-77.2 million, versus the consensus of $80.04 million. Upland Software sees FY2021 revenue of $299.5-303.5 million, versus the consensus of $307.95 million.
Magnite (NASDAQ: MGNI) 11.7% LOWER; reported Q3 EPS of $0.14, $0.04 worse than the analyst estimate of $0.18. Revenue for the quarter came in at... More
Qorvo (QRVO) Tops Q2 EPS by 17c; Guides Q3 Lower
November 3, 2021 4:32 PM EDTQorvo (NASDAQ: QRVO) reported Q2 EPS of $3.42, $0.17 better than the analyst estimate of $3.25. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.25 billion.
GUIDANCE:
Qorvo sees Q3 2022 EPS of $2.75, versus the consensus of $3.26. Qorvo sees Q3 2022... More
Qorvo (QRVO) Acquires United Silicon Carbid
November 3, 2021 4:30 PM EDTQorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, announced today that it has acquired Princeton, New Jersey-based United Silicon Carbide (UnitedSiC), a leading manufacturer of silicon carbide (SiC) power semiconductors. The acquisition of United Silicon Carbide expands Qorvos reach into the fast-growing markets for electric vehicles (EVs), industrial power, circuit protection, renewables and data center power. United Silicon... More
