Qorvo Inc (QRVO) PT Lowered to $100 at Susquehanna

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/28/2026

1. ORCL
2. AVGO
3. CDNS
4. ANT
5. BA
6. SPY
7. META
8. HOOD
9. INTC
10. JBLU

Go back to Qorvo Inc (QRVO) PT Lowered to $100 at Susquehanna

Qorvo (QRVO) Stock Falls on Guide Down, Analysts Expect Headwinds to Continue

August 4, 2022 7:31 AM EDT

Shares of Qorvo (NASDAQ: QRVO) are down about 4% in premarket Thursday after the chipmaker lowered guidance for the second quarter.

For its first quarter, Qorvo reported an adjusted EPS of $2.25 on revenue of $1.04 billion to beat analyst expectations of $2.11 on sales of $1.02 billion. Qorvo reported an adjusted gross margin and adjusted operating margin of 50% and 27.5%, respectively.

For this quarter, the company sees an adjusted EPS of $2.45 to... More