Qualcomm stock slides after earnings, Apple settlement to add nearly $5 billion

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Qualcomm stock falls 4% after earnings results

Qualcomm QCOM, +0.28% shares declined 4.5% after hours, following a 0.2% rise to close the regular session at $86.37. Shares are up 52% on the year. In comparison, the PHLX Semiconductor Index SOX, -0.82% is up 34%, while the S&P 500 index SPX, -0.75% is up 17%, and the tech-heavy Nasdaq Composite Index COMP, -0.57% is up 21%.

Revenue declined to $4.98 billion from $5.22 billion in the year-ago quarter. Wall Street expected revenue of $4.8 billion from Qualcomm, according to 17 analysts polled by FactSet. Analysts polled by FactSet have forecast an average earnings of $1.29 a share on revenue of $5.28 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Qualcomm short sellers are out in full force ahead of earningsShort-sellers have been quick to bet against Qualcomm Inc. in the wake of its recent settlement with Apple Inc.
Source: MarketWatch - 🏆 3. / 97 Read more »

Apple has been battered all year by bad headlines, but the stock keeps going up ahead of Q2 earningsWhen Apple reports second-quarter earnings on Tuesday after the bell, sales will be down from the same time last year. That's according to Apple's own guidance. That tends to happen when you basically have Trillions of Cash on hand.
Source: CNBC - 🏆 12. / 72 Read more »