
Kayode Omotosho 2023/05/04 6:22pm
What Happened: Shares of communications chips maker Qorvo (NASDAQ: QRVO) jumped 6.87% in the morning session after the company reported fourth-quarter results that exceeded analysts' revenue, free cash flow, and earnings per share (EPS) expectations. Inventory levels also improved. However, revenue guidance for the next quarter missed Consensus estimates. Overall, it was a decent quarter for the company. After the initial pop the shares cooled down to $94.79, up 1.3% from previous close. ... Continue Reading