Here's Why Qualcomm Shares Are Moving
Portfolio Pulse from Henry Khederian
Shares of Qualcomm Inc (NASDAQ:QCOM) are trading higher by 1.2% following strong Q4 financial results from Lam Research. Lam Research reported adjusted earnings of $5.98 per share, surpassing the analyst consensus estimate of $5.07 by 17.95%. However, this represents a 32.28% decrease compared to earnings of $8.83 per share from the same period last year. The company also reported quarterly sales of $3.21 billion, exceeding the analyst consensus estimate of $3.13 billion by 2.46%.
July 27, 2023 | 7:46 pm
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Qualcomm's stock is trading higher following strong Q4 results from Lam Research. This could indicate a positive sentiment in the semiconductor and chip stocks sector.
Qualcomm's stock price is likely to be positively impacted in the short term due to the strong Q4 results from Lam Research, a company in the same sector. This could indicate a positive sentiment in the semiconductor and chip stocks sector, which could benefit Qualcomm.
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