Tag Archives: qrvo

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

4 Chip Suppliers Plunging After Apple’s Earnings

Apple (AAPL) topped third-quarter earnings and sales expectations late Tuesday. But its Q4 revenue guidance was light, and investors are worried about Apple Watch sales. That caused several of the consumer technology giant’s chip suppliers, including Qorvo (QRVO), NXP Semiconductor (NXPI), Cirrus Logic (CRUS) and Skyworks Solutions (SWKS), to take a hit in the stock market today. Qorvo sank 5% in fast trade, triggering a sell signal. For those who

Apple iPhone Sales Miss Estimates; Hazy On Apple Watch

Apple (AAPL) earnings and revenue topped estimates on booming China sales, but the stock tumbled late amid lower-than-expected iPhone sales and a cautious revenue guidance. The news also rocked iPhone suppliers such Skyworks Solutions (SWKS), Qorvo (QRVO) and Avago Technologies (AVGO) . Apple earned $1.85 a share in its fiscal Q3, up 45% vs. a year earlier and beating views by 4 cents. Sales grew 33% to $49.6 bil, slightly above views for $49.4