Buy, Sell, Or Hold Qualcomm Stock?
Portfolio Pulse from
Qualcomm (NASDAQ: QCOM) reported strong Q4 FY'24 results, with revenue up 9% year-over-year and earnings per share more than doubling. The company also provided positive guidance for the holiday quarter, leading to a 6% increase in after-hours trading.
November 07, 2024 | 2:30 pm
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Qualcomm's Q4 FY'24 results exceeded expectations with a 9% revenue increase and EPS more than doubling. Positive guidance for the holiday quarter led to a 6% rise in after-hours trading.
Qualcomm's better-than-expected earnings and revenue growth, along with positive future guidance, are strong indicators of financial health, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100