Qorvo CFO Grant Brown Says We Currently Expect FY25 Revenue And Gross Margin Will Be Slightly Down Versus FY24
Portfolio Pulse from Benzinga Newsdesk
Qorvo's CFO, Grant Brown, has indicated that the company anticipates a slight decline in both revenue and gross margin for fiscal year 2025 compared to fiscal year 2024.
October 29, 2024 | 8:05 pm
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Qorvo's CFO has projected a slight decrease in revenue and gross margin for FY25 compared to FY24, which may impact investor sentiment and stock performance.
The announcement of expected declines in revenue and gross margin is likely to negatively impact investor sentiment, leading to potential short-term downward pressure on QRVO's stock price.
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