Qorvo (QRVO) Stock: Why It Increased 1.63%

By Amit Chowdhry ● Aug 5, 2022
  • The stock price of Qorvo (QRVO) increased by 1.63% in the previous trading session. This is why.

The stock price of Qorvo (QRVO) increased by 1.63% in the previous trading session. Investors responded positively to the company’s first-quarter result. 

Qorvo reported a Q1 EPS of $2.25, which was $0.14 higher than analyst estimates of $2.11. And the revenue for the quarter was $1.04 billion compared to the consensus estimate of $1.02 billion. 

In terms of guidance, Qorvo expects a Q2 2023 EPS of $2.45 and $2.65, compared to the consensus of $2.64. And Qorvo expects Q2 2023 revenue of between $1.12 and $1.15 billion compared to the consensus of $1.14 billion.