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Why Qorvo Stock Is Rising Today

TheMotleyFool

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Shares of Qorvo (NASDAQ: QRVO) rose today after the company reported better-than-expected second-quarter results yesterday.

Qorvo's shares were up by as much as 13.9% today, but the tech stock has gained 7.6% as of 11:58 a.m. EST.

Investors were happy to see that Qorvo's non-GAAP (adjusted) diluted earnings per share of $2.43 in the second quarter easily surpassed Wall Street's consensus estimate of $2.14 per share. Qorvo's revenue also beat analysts' estimates, with the company reporting $1.06 billion, compared with Wall Street's expectation of $1.01 billion.

Source Fool.com

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