News Formal

Qualcomm Earnings and Revenue Beat Estimates. The Stock Is Rising.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Revenue came in at $8.7 billion, which was above analysts’ expectations of $8.5 billion.

Qualcomm provided a higher-than-expected revenue forecast for the December quarter at the midpoint of its guidance range, sending its stock higher in after-hours trading Wednesday.

For the September quarter, Qualcomm reported adjusted earnings of $2.02 a share, compared with Wall Street’s consensus estimate of $1.91, according to FactSet. The good news was the guidance. Qualcomm gave a revenue forecast for the current quarter, ending in December, of $9.1 billion to $9.9 billion—which was above the consensus of $9.2 billion at the midpoint of the range.

Qualcomm shares rose 4.4% to $115.73 in after-hours trading Wednesday following the release. The company is a maker of mobile processors and 5G wireless chipsets. Qualcomm shares have fallen about 16% over the past three months, roughly in line with the 15% drop of the iShares Semiconductor exchange-traded fund , which tracks the ICE Semiconductor Index.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Taco Bell parent Yum Brands gets Q3 earnings beat, but revenue falls shortJames Rogers is a Financial Columnist for MarketWatch.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

E.l.f.’s stock jumps 10% on earnings, revenue beat; strong guidanceJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

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.
Bron: nbcchicago - 🏆 545. / 51 Lees verder »

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.
Bron: NBCPhiladelphia - 🏆 569. / 51 Lees verder »