US chipmaker Qualcomm Inc (NASDAQ:QCOM, ETR:QCI)'s rapid inroads into the home PC market paid dividends in its 2024 financial year. Total revenues surged 9% to $39 billion, while net income added 40% to $10.1 billion.
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QUALCOMM Incorporated (QCOM) Q4 2024 Earnings Call Transcript
The headline numbers for Qualcomm (QCOM) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Qualcomm (QCOM) stock is seeing a boost of over 10% in extended hours after the semiconductor manufacturer topped fiscal fourth quarter estimates for its top and bottom lines. The chip company posted revenue of $10.24 billion ($9.91 billion was expected) and adjusted earnings of $2.69 per share ($2.56 was expected).
Qualcomm (QCOM) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $2.02 per share a year ago.
Wireless-chip leader Qualcomm beat analyst estimates for its fiscal fourth quarter and guided above views for the current period. The post Qualcomm Beats Quarterly Estimates, Guides Higher.
Angelo Zino, CFRA senior equity analyst, discusses the factors driving Qualcomm's bullish sales forecast. Speaking on "Bloomberg The Close," Zino also comments on the possibility of Qualcomm acquiring Intel.
Qualcomm (QCOM) posted fiscal fourth-quarter earnings that exceeded analysts' expectations and announced a $15 billion stock buyback, driving shares higher after the closing bell Wednesday.
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CNBC's Seema Mody joins 'Closing Bell Overtime' to talk Qualcomm earnings.
Qualcomm (QCOM) shares surge after better-than-expected 4Q numbers. The company announced a new $15B share buyback plan, along with guidance above street estimates.