Qorvo EPS Beats, Revenue Struggles
(NASDAQ:QRVO), a prominent player in radio frequency (RF) solutions, released its Q3 Fiscal 2025 earnings on January 28, 2025, showcasing admirable performance despite market obstacles.
It reported a Non-GAAP earnings per share (EPS) of $1.61, surpassing the $1.21 analyst forecast, exceeding expectations by $0.40 or 33.1%. Revenue also beat estimates, coming in at $916.3 million compared to the anticipated $902 million, marking a 1.6% outperformance. Despite these beats, year-over-year comparisons show challenges, with revenue falling by 14.7% from the previous year's $1,073.9 million.
Overall, the quarter demonstrated Qorvo's capability to exceed expectations while addressing strategic areas for improvement.
Source Fool.com
Qorvo Inc. Stock
€69.60
1.270%
Currently there is a rather positive sentiment for Qorvo Inc. with 9 Buy predictions and 3 Sell predictions.
With a target price of 84 € there is a positive potential of 20.69% for Qorvo Inc. compared to the current price of 69.6 €.
