News Formal

Qorvo forecasts quarterly results below estimates on weak flagship smartphone market

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Explore stories from Atlantic Canada.

Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWire - Wireless connectivity chipmaker Qorvo forecast first-quarter revenue and profit below Wall Street estimates on Wednesday as it expects weak demand from flagship smartphone market, sending shares down more than 11% in aftermarket trading.

An uncertain economy has also forced customers to cut discretionary spending, with Qorvo facing stiff competition from other bigger rivals such as Broadcom and Qualcomm. The Greensboro, North Carolina-based company expects first-quarter revenue to be about $850 million, plus or minus $25 million, compared with analysts' average estimate of $917.7 million, according to LSEG data.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 45. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Dollar/yen nosesdives again as market watches for BOJ interventionExplore stories from Atlantic Canada.
Källa: SaltWire Network - 🏆 45. / 63 Läs mer »