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HomeMarketQualcomm Earnings Miss, Revenue Beats In Q4 By Investing.com

Qualcomm Earnings Miss, Revenue Beats In Q4 By Investing.com

© Reuters Qualcomm Earnings Miss, Revenue Beats In Q4
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Investing.com – Qualcomm (NASDAQ:) reported on Wednesday fourth quarter that missed analysts’ forecasts and revenue that topped expectations.

Qualcomm announced earnings per share of $3.13 on revenue of $11.39B. Analysts polled by Investing.com anticipated EPS of $3.15 on revenue of $11.35B.

Qualcomm shares are down 38% from the beginning of the year, still down 41.88% from its 52 week high of $193.58 set on January 5.

Qualcomm follows other major Information Technology sector earnings this month

Qualcomm’s report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.

Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Story Credit: investing.com

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