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Qorvo (QRVO) Stock Retreats in After-Hours Trading on Q2 Earnings Miss, Weak Guidance

NEW YORK (TheStreet) -- Shares of Qorvo (QRVO) were dropping 11.53% to $50.20 in after-hours trading on Thursday as the company posted weaker-than-expected earnings for the 2017 second quarter and gave light fourth quarter guidance following today's market close.

Adjusted earnings were $1.29 per share, missing analysts' expected $1.41 per share. Revenue came in at $864.7 million, which beat Wall Street's estimated $834.7 million.

Qorvo expects to report adjusted earnings of $1.15 to $1.35 per share for the fourth quarter, while...