Qorvo Pulls Apple Chip Suppliers Down With Q2 Views
Shares of Apple (AAPL) chip supplier Qorvo (QRVO) tumbled in after-hours trade Wednesday as the company’s second-quarter guidance fell short of expectations. Qorvo, which was formed earlier this year in the $1.6 billion RF Micro Devices-TriQuint Semiconductor merger, earned an adjusted $1.09 a share, beating a Thomson Reuters analyst poll by 3 cents. Sales of $673.6 million surpassed estimates for $665 million. But for Q2, Qorvo sees EPS of $1.05