Qorvo Nose-Dives, Guidance Misses Analyst Forecasts

By | July 30, 2015

Scalper1 News

(AAPL) chipmaker (QRVO) was on a nearly 16% nosedive Thursday after the company’s fiscal second-quarter forecast dipped below Wall Street expectations. For its Q2 ending on or near Sept. 30, the Greensboro, N.C.-based company predicted revenue of $690 million to $710 million, which would be up 93% at the midpoint vs. the year-earlier quarter and up 4% over Q1. Qorvo guided to $1.05-$1.15 non-GAAP per-share earnings, vs. $1.21 in the year-earlier Scalper1 News

Scalper1 News