Previous Close | 17.80 |
Open | 17.80 |
Bid | 12.20 |
Ask | 15.20 |
Strike | 115.00 |
Expire Date | 2025-01-17 |
Day's Range | 17.80 - 17.80 |
Contract Range | N/A |
Volume | |
Open Interest | 1.12k |
Strategic Acquisitions and Market Expansion Fuel Growth
Qorvo (QRVO) delivered earnings and revenue surprises of 14.88% and 1.68%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Communications chips maker Qorvo (NASDAQ: QRVO) reported Q1 CY2024 results exceeding Wall Street analysts' expectations, with revenue up 48.7% year on year to $941 million. On the other hand, next quarter's revenue guidance of $850 million was less impressive, coming in 8% below analysts' estimates. It made a non-GAAP profit of $1.39 per share, improving from its profit of $0.26 per share in the same quarter last year.