NasdaqGS:QRVOSemiconductor
Qorvo (QRVO) Returns to Profitability, But One-Off Loss Challenges Reliability of Earnings Recovery
Qorvo (QRVO) just returned to profitability, but the company’s earnings have declined by 49.9% per year over the last five years. Looking ahead, analysts expect annual earnings growth of 20.2%, outpacing the projected 16% for the broader US market, while revenue is forecast to rise by a slower 3.8% per year compared to the market’s 10.5%. Despite improved margins as profits came back, a one-off $166.9 million loss still weighs on the quality of recent results. Investors are left to balance...