MarketWatch
Qorvo stock rallies on earnings beat
Qorvo Inc. shares rallied in the extended session Wednesday after the semiconductor company topped Wall Street estimates for the quarter. Qorvo shares rallied more than 7% after hours, following a 3.6% gain in the regular session to close at $106.87. The company reported fiscal first-quarter net income of $68.9 million, or 65 cents a share, compared with $285.6 million, or $2.51 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, w