Qualcomm pops 10% on chipmaker's earnings and revenue beat
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Qualcomm's stock surged 10% following its fourth-quarter earnings report, which exceeded Wall Street expectations for both earnings and revenue. The company also provided a strong outlook for the December quarter.
November 06, 2024 | 9:30 pm
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Qualcomm's stock rose 10% after the company reported better-than-expected earnings and revenue for the fourth quarter. The company also provided a positive outlook for the December quarter.
Qualcomm's earnings and revenue exceeded expectations, which is a positive indicator for investors. The strong guidance for the December quarter further boosts investor confidence, leading to a 10% increase in stock price.
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