Qualcomm Q2 2024 Adj EPS $2.44 Beats $2.32 Estimate, Sales $9.40B Beat $9.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
Qualcomm reported Q2 2024 adjusted EPS of $2.44, surpassing the $2.32 estimate, with sales of $9.40B exceeding the $9.34B forecast. This represents a 1.42% increase in sales compared to the same period last year.
May 01, 2024 | 8:00 pm
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Qualcomm's Q2 2024 earnings and sales exceeded analyst expectations, indicating strong financial performance.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth in sales compared to the previous year further strengthens the company's financial outlook, likely contributing to positive market reactions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100