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%.
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…