Qualcomm delighted stockbrokers with earnings guidance

0
19

Qualcomm

In the past fourth quarter, the revenue of the chip group fell by 17 percent to 4.81 billion dollars.


(Photo: AP)

San Francisco The chip maker has pleased the stock market with its profit forecast for the first quarter. The company forecasted adjusted earnings of $ 1.20 per share for the three-month period. The estimate exceeded analysts' expectations averaging 83 cents per share. The QualcommAs a result, shares jumped five percent in after-hours trading.

In the past fourth quarter, sales dropped 17 percent to 4.81 billion dollars. However, analysts had expected a larger decline to $ 4.70 billion.

Qualcomm (t) Chip Manufacturer (t) Earnings Forecast (t) Chip Company (t) Investment Tip Stock (t) Stock (t) Investment (t) Stock Analysis by Industry (t) Stock Analysis (t) Trading Sanction (t) Huawei (t) semiconductor (t) components

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.