Qorvo Q4 2024 Adj EPS $1.39 Beats $1.21 Estimate, Sales $941.000M Beat $926.248M Estimate
Portfolio Pulse from Benzinga Newsdesk
Qorvo reported Q4 2024 adjusted EPS of $1.39, surpassing the $1.21 estimate, with sales of $941M also beating the $926.248M estimate, marking a 48.73% increase from the previous year.
May 01, 2024 | 8:01 pm
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POSITIVE IMPACT
Qorvo's Q4 2024 earnings and sales exceeded analyst expectations, with a significant year-over-year sales increase.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The substantial year-over-year sales growth further underscores the company's strong performance and may attract more investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100