Why Qualcomm Stock Is Trading Lower Today
Portfolio Pulse from Ryan Gustafson
Shares of QUALCOMM Incorporated (NASDAQ:QCOM) are trading lower, possibly in sympathy with Texas Instruments (NASDAQ:TXN), which reported worse-than-expected Q3 sales results and issued Q4 revenue guidance below estimates. Texas Instruments reported Q3 earnings of $1.85 per share, beating the analyst consensus estimate of $1.81, but sales of $4.53 billion missed the estimate of $4.57 billion. QCOM shares were down 4.25% at $104.75 at the time of publication.
October 25, 2023 | 7:15 pm
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NEGATIVE IMPACT
QCOM shares are trading lower, possibly due to sympathy with TXN's worse-than-expected Q3 sales and lower Q4 revenue guidance.
QCOM shares are trading lower, possibly due to sympathy with TXN's worse-than-expected Q3 sales and lower Q4 revenue guidance. This news is directly related to QCOM and could have a significant impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
TXN reported worse-than-expected Q3 sales results and issued Q4 revenue guidance below estimates, which could negatively impact its stock price.
TXN's worse-than-expected Q3 sales and lower Q4 revenue guidance could negatively impact its stock price. This news is directly related to TXN and could have a significant impact on its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100