Qualcomm Q4 Earnings Highlights: Revenue Beat, EPS Beat, Chipmaker's Guidance Comes In Ahead Of Estimates
Portfolio Pulse from Chris Katje
Qualcomm Inc (NASDAQ:QCOM) reported Q4 revenue of $8.67 billion, down 24% YoY but beating the Street consensus estimate of $8.51 billion. EPS was $2.02, also beating the Street consensus estimate of $1.91. The company provided Q1 revenue guidance of $9.1 billion to $9.9 billion and EPS guidance of $2.25 to $2.45, both ahead of Street estimates. Qualcomm shares are up 4% in after-hours trading.
November 01, 2023 | 8:22 pm
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Qualcomm's Q4 earnings beat estimates and the company provided strong Q1 guidance, which could positively impact its stock price.
Qualcomm's Q4 earnings beat estimates and the company provided strong Q1 guidance, which is generally seen as a positive signal by investors and could lead to an increase in the stock price.
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