Jim Cramer -- Qorvo Continues to Disappoint

Shares of Qorvo (QRVO) are down more than 12% Friday after the company missed on earnings per share expectations. 

While Qorvo beat on revenue expectations, it just wasn't a good quarter, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment. 

This was the one sentence in the conference call that destroyed Qorvo, according to Cramer: "Within the quarter, we experienced lower-than-expected manufacturing yields during a steep product ramp to a large customer."

That "large customer" was most likely Apple (AAPL) , he said and it shows that Qorvo couldn't keep up with demand for the company. Skyworks Solutions (SWKS) , on the other hand was able to keep up with demand. 

It shows that Qorvo, for the second quarter in a row, is still falling short, Cramer said. That's why the stock is down so much Friday. Investors are frustrated with the chip company's shortcomings. 

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL. 

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