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
€84.57
-0.260%
With 8 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 79 € is below the current price of 84.57 € for Qorvo Inc., so the potential is actually -6.59%.
