Qorvo (QRVO) Gains As Market Dips: What You Should Know

Qorvo (QRVO) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

Qorvo (QRVO) closed at $158.36 in the latest trading session, marking a +0.71% move from the prior day. This move outpaced the S&P 500’s daily loss of 0.1%. At the same time, the Dow lost 0.47%, and the tech-heavy Nasdaq lost 0.47%.

Qorvo (QRVO) Gains As Market Dips: What You Should Know – Zacks

Coming into today, shares of the chipmaker had lost 2.56% in the past month. In that same time, the Computer and Technology sector lost 1%, while the S&P 500 gained 3.67%.

Investors will be hoping for strength from Qorvo as it approaches its next earnings release. The company is expected to report EPS of $2.75, down 10.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.11 billion, up 1.07% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts…

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