Why Qorvo Stock Just Crashed 25%
Smartphone chipmaker Qorvo (NASDAQ: QRVO) crashed 25.5% through 10:55 a.m. ET Wednesday despite beating consensus projections for sales and earnings last night.
Heading into its fiscal Q2 2025 earnings report, analysts forecast Qorvo would earn $1.85 per share (pro forma) on $1.03 billion in sales. Qorvo instead reported $1.88 per share in profit and sales of $1.05 billion -- beating on both top and bottom lines.
But here's the thing: Despite "beating estimates," Qorvo's Q2 numbers were objectively terrible.
Source Fool.com
Qorvo Inc. Stock
€73.18
-0.830%
Currently there is a rather positive sentiment for Qorvo Inc. with 9 Buy predictions and 4 Sell predictions.
With a target price of 95 € there is a positive potential of 29.82% for Qorvo Inc. compared to the current price of 73.18 €.
