Qorvo® Announces Fiscal 2024 Third Quarter Financial Results

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Qorvo (QRVO) stock jumps 5% on strong results and guidance

January 31, 2024 4:22 PM EST

(Updated - February 1, 2024 5:17 AM EST)

Shares of Qorvo (NASDAQ: QRVO) reported better-than-expected earnings and revenue for the third quarter, sending the companys shares up 5.3% in pre-market Thursday trading.

The semiconductor solutions provider posted Q3 earnings per share (EPS) of $2.10, topping the consensus estimates of $1.66. Revenue came in at $1.07 billion, while analysts were looking for $1 billion.

Qorvo reported... More