Qualcomm beats expectations for earnings and sales, gives strong forecast for current quarter

Qualcomm reported fourth-quarter earnings on Wednesday that beat expectations for sales and earnings, despite big year-over-year declines, and gave a strong forecast for the current quarter.reported fourth-quarter earnings on Wednesday that beat expectations for sales and earnings, despite big year-over-year declines and gave a strong forecast for the current quarter.

Revenue during the quarter declined 24% year-over-year from $11.39 billion last year. Overall adjusted revenue for Qualcomm's fiscal year fell 19% from last year to $35.83 billion. Handset chip sales declined 27% to $5.46 billion, above Street Account expectations of $5.34 billion. They're reported as part of QCT, Qualcomm's biggest division that sells processors, which declined 26% to $7.37 billion in sales during the quarter.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Qualcomm earnings: What to expect from the chip makerQualcomm is due to report earnings after Wednesday’s closing bell
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Apple's new Mac laptops won't keep PC rivals from grabbing market shareApple leaves the door wide open for AMD, Qualcomm, Intel and others to offer better and faster technology
Fuente: MarketWatch - 🏆 3. / 97 Leer más »