Qorvo Inc (NASDAQ:QRVO) shares jumped more than 18% in aftermarket trading after its third-quarter earnings beat Wall Street estimates. Company reported adjusted earnings per share of $1.61, beating the consensus of $1.

Qorvo stock soars after the company reports its third-quarter financial results after Tuesday's closing bell. Here's a look at the key figures from the quarter.

Communications chips maker Qorvo (NASDAQ: QRVO) announced in Q4 CY2024, but sales fell by 14.7% year on year to $916.3 million. Guidance for next quarter’s revenue was better than expected at $850 million at the midpoint,

GREENSBORO, N.C. (AP) — GREENSBORO, N.C. (AP) — Qorvo Inc. (QRVO) on Tuesday reported fiscal third-quarter net income of $41.3 million. On a per-share basis, the Greensboro, North Carolina-based company said it had profit of 43 cents. Earnings, adjusted for one-time gains and costs, were $1.61 per share.

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Qorvo is anticipated to release earnings for the 2024 fiscal-year third-quarter on Tuesday after the market closes.

Wall Street analysts expect Qorvo (QRVO) to post quarterly earnings of $1.20 per share in its upcoming report, which indicates a year-over-year decline of 42.9%. Revenues are expected to be $901. ...

Activist investor Starboard Value has established a sizable stake in Qorvo (QRVO) and is seeking changes to bolster the company’s lagging stock price, the Wall Street Journal’s Lauren Thomas ...

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Qorvo shares rose in early trading Friday after a Wall Street Journal report found that activist investor Starboard Value has built a big stake in the chip maker and is looking to push for changes. Shares rose 7.3% higher in premarket trading at $78.99.

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