Explore the latest developments concerning Qualcomm to report.
Qualcomm to report Q4 earnings amid slowing smartphone, PC sales
Qualcomm (QCOM) reported fourth quarter earnings after the bell Wednesday, topping expectations on the top and bottom lines and providing a better-than-anticipated Q1 revenue outlook.
But a lower-than-expected midpoint for its earnings per share (EPS) forecast send shares lower following the report.
For Q4, Qualcomm reported adjusted earnings per share (EPS) of $2.17 on revenue of $10.32 billion. Analysts were projecting EPS of $2.16 and revenue of $10.12 billion.
The company saw EPS of $3.00 and revenue of $11.27 billion in the same quarter last year.
Qualcomm also offered Q1 revenue guidance of $10.4 billion to $11.2 billion, with the midpoint ahead of Wall Street's $10.6 billion outlook.
EPS, though, is set to come in between $2.15 and $2.35 with a midpoint of $2.25. Analysts were looking for $2.32
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