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Update: Qorvo's Post-Earnings Weakness Presents A Buying Opportunity

Qorvo (NASDAQ:QRVO) released its terrific quarterly earnings report last week. As I predicted in my previous article, the company easily beat the analysts' estimates on revenue as well as earnings, thanks to the soaring sales of the iPhones. The chipmaker reported earnings of $1.46 per share for the quarter, well ahead of the consensus estimate of $1.17 by $0.29. On the revenue front, Qorvo reported total revenue of $742 million, beating the consensus of $724 million. The company even revised its revenue and earnings guidance upwards for the next…