Qorvo Inc
QRVO: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Zx | LOCK|$J | LOCK|Vj<>Zh |
Qorvo Earnings: Disappointing Fourth-Quarter Forecast, but Gross Margin Outlook Is Encouraging
Qorvo reported fiscal third-quarter revenue of $993 million, up 8% year over year and above the midpoint of guidance. Qorvo’s fourth-quarter revenue guidance of $800 million would represent an 8% year-over-year decline and below FactSet's consensus estimates of just above $900 million.
