Withi
Within the newest buying and selling session, Qorvo (QRVO) closed at $117.96, marking a +0.87% transfer from the day prior to this. This transfer outpaced the S&P 500’s day by day lack of 0.02%. On the similar time, the Dow misplaced 0.13%, and the tech-heavy Nasdaq gained 0.08%.
Coming into at the moment, shares of the chipmaker had gained 12.11% up to now month. In that very same time, the Laptop and Expertise sector gained 4.7%, whereas the S&P 500 gained 3.81%.
Wall Avenue can be on the lookout for positivity from QRVO because it approaches its subsequent earnings report date. On that day, QRVO is projected to report earnings of $1.67 per share, which might symbolize a year-over-year decline of 9.73%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $850.66 million, up 2.2% from the year-ago interval.
For the complete yr, our Zacks Consensus Estimates are projecting earnings of $5.69 per share and income of $3.16 billion, which might symbolize modifications of -1.22% and +2.15%, respectively, from the prior yr.
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