Qualcomm Q1 Adj. EPS $2.75 Beats $2.37 Est., Non-GAAP Revenue $9.922B Beats $9.517B Est.
Portfolio Pulse from Benzinga Newsdesk
Qualcomm reported its Q1 adjusted EPS at $2.75, surpassing the estimated $2.37. Non-GAAP revenue was $9.922 billion, also beating the expected $9.517 billion.
January 31, 2024 | 9:00 pm
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Qualcomm's Q1 earnings exceeded analyst expectations, with adjusted EPS and non-GAAP revenue both surpassing estimates.
Qualcomm's reported earnings significantly beat analyst estimates, which is likely to instill investor confidence and could lead to a short-term increase in stock price due to perceived financial strength and potential for future growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100