Qorvo Sees Q3 Adj. EPS $1.10-$1.30 Vs $1.92 Est.; Revenue $900M ± $25M Vs $1.056B Est.
Portfolio Pulse from Benzinga Newsdesk
Qorvo has provided guidance for Q3 with adjusted EPS expected to be between $1.10 and $1.30, significantly below the estimated $1.92. Revenue is projected at $900 million, plus or minus $25 million, also below the estimated $1.056 billion.
October 29, 2024 | 8:03 pm
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Qorvo's Q3 guidance indicates lower than expected earnings and revenue, which may negatively impact the stock price in the short term.
Qorvo's guidance for Q3 shows both EPS and revenue below analyst estimates, which is likely to lead to a negative market reaction and a decrease in stock price. The significant gap between the guidance and estimates suggests potential challenges in the company's operations or market conditions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100