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.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.

Colombia Últimas Noticias, Colombia Titulares

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

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.
Fuente: nbcchicago - 🏆 545. / 51 Leer más »

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 »