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

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

At the midpoint of Qualcomm’s guidance, revenue will grow slightly during the current quarter compared to last year.

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.that beat expectations for sales and earnings, despite big year-over-year declines and gave a strong forecast for the current quarter.Here's how the chipmaker did for the third quarter per LSEG consensus expectations:Qualcomm said it expected adjusted earnings of between $2.25 and $2.

Qualcomm's fortunes are tied to the smartphone industry, which has been in a slump for nearly two years after the Covid pandemic created a boom in sales. It makes the processors at the heart of most high-end Android devices and many lower-end phones as well. The company's automotive business was a bright spot for QCT, increasing 15% year-over-year to $535 million in sales during the quarter, beating Wall Street expectations. It's still a small business but continues to grow as Qualcomm convinces more automakers and parts manufacturers to use its chips in cars.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 569. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Qualcomm beats expectations for earnings and sales, gives strong forecast for current quarterAt the midpoint of Qualcomm’s guidance, revenue will grow slightly during the current quarter compared to last year.
Herkunft: nbcchicago - 🏆 545. / 51 Weiterlesen »

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

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
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »