Qualcomm Q3 EPS $1.87 Beats $1.81 Estimate, Sales $8.44B Miss $8.51B Estimate
Portfolio Pulse from Benzinga Newsdesk
Qualcomm reported Q3 earnings of $1.87 per share, beating the analyst consensus estimate of $1.81 by 3.31%. However, the company's quarterly sales of $8.44 billion missed the estimate of $8.51 billion by 0.80%. Compared to the same period last year, earnings decreased by 36.82% and sales decreased by 22.75%.
August 04, 2023 | 12:05 pm
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Qualcomm's Q3 earnings beat estimates but sales missed, with both earnings and sales showing a decrease compared to the same period last year.
The mixed results, with earnings beating estimates but sales missing, could lead to uncertainty among investors. The decrease in both earnings and sales compared to last year could negatively impact the stock price in the short term.
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