What's Going On With Qualcomm Stock?
Portfolio Pulse from Henry Khederian
Qualcomm Inc's shares are trading lower by 2.8% due to continued weakness after the company reported a third-quarter revenue miss and issued guidance below consensus estimates. The company reported a 23% YoY decrease in third-quarter revenue, slightly missing the Street estimate. However, the company's earnings per share beat the Street estimate.
August 07, 2023 | 6:01 pm
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Qualcomm's stock is trading lower due to a miss in Q3 revenue and lower guidance. Despite this, the company's EPS beat estimates.
Qualcomm's stock is trading lower due to a miss in Q3 revenue and lower guidance, which are key indicators of the company's financial health and future performance. This could lead to a decrease in investor confidence and a potential sell-off of the stock. However, the company's EPS beat estimates, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100