Wednesday, November 1, 2023

QCOM: Well, This Was A Surprise — November 1, 2023

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

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