Qorvo Sees Q2 Adj. EPS ~$1.75 vs $1.62 Est., Revenue $985M-$1.015B vs $959.78M Est.
Portfolio Pulse from Benzinga Newsdesk
Qorvo has projected its Q2 adjusted EPS to be around $1.75, which is higher than the estimated $1.62. The company also expects its revenue to be between $985M and $1.015B, surpassing the estimated $959.78M.
August 04, 2023 | 12:08 pm
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POSITIVE IMPACT
Qorvo's higher than expected Q2 adjusted EPS and revenue projections may positively impact its stock price.
Qorvo's projected Q2 adjusted EPS and revenue are both higher than the estimates. This positive financial performance could increase investor confidence and demand for the stock, potentially leading to a rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100