— Shares of the chipmaker shot up more than 18% after the company posted quarterly results that topped analyst expectations. Qorvo reported earnings per share of $1.52 on revenue of $807 million. Analysts polled by Refinitiv expected a profit of $1.30 per share on sales of $754 million. The company also announced a $1 billion buyback program and issued strong fiscal third-quarter guidance, citing strong handset demand.
The company did say, however, that its nutrition and biosciences division saw a boost in food and beverage volumes driven by gains in specialty proteins from growing demand for plant-based meats.— Shares of Arista Networks plunged more than 25% in midday trading after the high-flying computer networking company issued fourth-quarter guidance well below what analysts were expecting.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves after hours: Pinterest, Beigene, Arista Networks and moreSee which stocks are posting big moves after the bell on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
Arista stock sinks on weak guidance as company cites softening business from a cloud 'titan'Microsoft has been a major customer for Arista. Now that reliance could be backfiring on the data center hardware maker.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks slump on new U.S.-China trade jittersStocks on Wall Street closed broadly lower after investors got spooked by a report that cast doubt on the prospects of a long-term U.S.-China trade deal. so trump can tweet china trade talks are back on track and make billions again....
Source: latimes - 🏆 11. / 82 Read more »
Stocks end lower as worries re-emerge over U.S.-China trade talksStocks ended lower Thursday, with the S&P 500 pulling back from the previous session's record close, as investors turned their attention to U.S.-China... This is a great read, thanks! finances stocks Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc
Source: MarketWatch - 🏆 3. / 97 Read more »
Asia stocks set to slip amid renewed US-China trade concernsStocks in Asia were set to decline at the open on Friday amid renewed concerns over the potential for a long-term trade deal between China and the U.S. Old excuse recycled as a new excuse in hopes of generating greater volatility for the benefit of Wall Street trading firms. Assist to CNBC.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves premarket: Altria, Bristol-Myers Squibb, Generac, Apple and moreThese are the stocks posting the largest moves before the bell. trainedandready act when cat is away standto principles principally sound sourcing enemy never sleeps i,,me i,, v. i,,support i,,access followthebouncingball princeton harvard MACcosmetics racks rackets BIG move not local trash can who HUathletics
Source: CNBC - 🏆 12. / 72 Read more »