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Why Qorvo Stock Just Popped 18.5%

TheMotleyFool

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Last month I recommended buying Qorvo (NASDAQ: QRVO) stock over Skyworks -- and I have to say that today, that's looking like a pretty good call.

Last night, Qorvo reported blockbuster earnings for its fiscal second quarter of 2020, and the stock is up 18.5% in noonday trading as a result. Non-GAAP (adjusted or pro forma) profits came in at $1.52 per share, 22 cents ahead of estimates. Quarterly sales of $807 million likewise beat expectations for $754 million with a stick.

Image source: Getty Images.

Source Fool.com

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