Qorvo Inc. shares dropped in the extended session Wednesday after the wireless components provider said smartphone delays by large customers will hurt the current quarter. Qorvo shares fell 7.9% to $59.06 after hours. For the fiscal fourth-quarter, Qorvo forecast earnings of 70 cents to 90 cents a share on revenue of $610 million to $650 million. Analysts surveyed by FactSet had estimated $1.04 a share on revenue of $716.6 million. "In the March quarter, we're forecasting a greater than historical sequential decline as two of our leading customers in China and a tier-one customer in Korea delay flagship smartphone launches," the company said in a statement. Qorvo did not provide the names of the smartphone companies. For the fiscal third quarter, the company reported earnings of $1.35 a share on revenue of $826.3 million, while analysts were looking for $1.25 a share on revenue of $821.4 million.
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