How To Earn $500 A Month From Qualcomm Stock After Better-Than-Expected Q4 Earnings
Portfolio Pulse from Lisa Levin
Qualcomm Incorporated (NASDAQ:QCOM) reported better-than-expected Q4 results and issued strong Q1 guidance. The company reported Q4 revenue of $8.67 billion, beating the consensus estimate of $8.51 billion, and earnings per share of $2.02, beating the estimate of $1.91. The company's Q1 revenue guidance is $9.1 billion to $9.9 billion and earnings per share of $2.25 to $2.45. Qualcomm has a dividend yield of 2.89%, which is a quarterly dividend amount of 80 cents a share ($3.20 a year).
November 02, 2023 | 12:19 pm
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POSITIVE IMPACT
Qualcomm's better-than-expected Q4 results and strong Q1 guidance could positively impact its stock price. The company's dividend yield of 2.89% could also attract income-focused investors.
Companies that report better-than-expected earnings and issue strong guidance often see their stock prices rise as investors react to the positive news. Additionally, a high dividend yield can make a stock more attractive to income-focused investors, potentially leading to increased demand for the stock.
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