Qualcomm Slid Nearly 4% in Premarket Trading Though It Showed Strong Earnings and Outlook

Tiger Newspress2022-02-03

Qualcomm slid nearly 4% in premarket trading though it showed strong earnings and outlook.

 

For its fiscal first quarter, ended Dec. 26, Qualcomm (QCOM) posted revenue of $10.7 billion, at the high end of its guidance range of $10 billion to $10.8 billion, and above the Street consensus forecast of $10.4 billion. Non-GAAP profits were $3.23 a share, above both the Street consensus of $3.01 a share and the company's forecast range of $2.90 to $3.10 a share. Under generally accepted accounting principles, the company earned $2.98 a share.

For the March quarter, Qualcomm is projecting revenue of $10.2 billion to $11 billion. That includes QCT revenue of $8.7 billion to $9.3 billion, and QLT revenue of $1.45 billion to $1.65 billion. The company sees non-GAAP profits of $2.80 to $3 a share. On a GAAP basis, the company expects to earn between $2.39 and $2.59 a share.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • 遵道秉義
    2022-02-07
    遵道秉義
    🤔🧐😱
  • Goupppppppp
    2022-02-05
    Goupppppppp
    Ok
  • james_l
    2022-02-04
    james_l
    Crazy market. Great earnings and the company is projecting 1 billion dollars increase in revenue next quarter ad still down.
  • Tiga168Go
    2022-02-03
    Tiga168Go
    Emotions have taken over. It’s gonna be a roller coaster ride in 2022. 
  • Khoo12
    2022-02-03
    Khoo12
    [Smile] [Smile] 
  • RW52
    2022-02-03
    RW52
    Market is reacting to sentiments instead of fundamentals. Another victim.[Speechless] 
Leave a comment
10