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.

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Comments

  • 喜慶吉祥好運
    2022-02-07
    喜慶吉祥好運
    🤔🧐😱
  • 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] 
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