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Why Qorvo Stock Just Crashed 25%
QRVOQorvo(QRVO) The Motley Fool·2024-10-30 15:46

Qorvo stock got a lot cheaper today, but isn't yet "cheap." Smartphone chipmaker Qorvo (QRVO -27.08%) 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 1.85pershare(proforma)on1.85 per share (pro forma) on 1.03 billion in sales. Qorvo instead reported 1.88pershareinprofitandsalesof1.88 per share in profit and sales of 1.05 billion -- beating on both top and bottom lines. Qorvo stock by the numbers But here ...