Why Qorvo Stock Popped Today
Qorvo (NASDAQ: QRVO) stock jumped 10.5% through 10:35 a.m. ET Wednesday after beating analyst forecasts this morning.
Heading into the company's fiscal Q4 2025 report, analysts forecast Qorvo would earn only $1 per share on sales of $850.5 million. In fact, the company earned $1.42 per share (adjusted for one-time items), and its sales were $869.5 million.
CEO Bob Bruggeworth described Qorvo's Q4 performance as "stronger than seasonal" and exceeding "the midpoint of our guidance on revenue, gross margin, and EPS." But that doesn't mean the news was entirely good.
Source Fool.com
Qorvo Inc. Stock
€82.97
-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 82.97 € for Qorvo Inc., so the potential is actually -4.78%.
