Qualcomm Sees Q1 Adj. EPS $2.25-$2.45 vs $2.10 Est.; Revenues $9.1B-$9.9B vs $8.67B Est.
Portfolio Pulse from Benzinga Newsdesk
Qualcomm has projected its Q1 adjusted EPS to be between $2.25 and $2.45, which is higher than the estimated $2.10. The company also expects its revenues to be between $9.1 billion and $9.9 billion, surpassing the estimated $8.67 billion.
November 01, 2023 | 8:05 pm
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POSITIVE IMPACT
Qualcomm's higher than expected Q1 adjusted EPS and revenue projections could potentially lead to a positive impact on its stock price.
Companies that report earnings or revenue projections that are higher than estimates often see a positive reaction in their stock price as this indicates better than expected performance. Therefore, Qualcomm's stock price could potentially increase in the short term.
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IMPORTANCE 80
RELEVANCE 100