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Why Qorvo Stock Jumped Today

TheMotleyFool

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Shares of Qorvo, Inc. (NASDAQ: QRVO) popped today after the company said yesterday that it was increasing its earnings and revenue guidance for the second quarter. Investors pushed up Qorvo's stock by as much as 10.2% today.

As of 2:05 p.m. EDT, Qorvo's stock was up 7.6%.

Qorvo's management said in a press release yesterday that "During the September quarter, broad-based mobile demand for Qorvo's advanced 4G and 5G mobile products is exceeding the company's original expectations."

Source Fool.com

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