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

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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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Comment（10）

喜慶吉祥好運
·2022-02-07
🤔🧐😱
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1
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Goupppppppp
·2022-02-05
Ok
Reply
1
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james_l
·2022-02-04
Crazy market. Great earnings and the company is projecting 1 billion dollars increase in revenue next quarter ad still down.
Reply
4
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Tiga168Go
·2022-02-03
Emotions have taken over. It’s gonna be a roller coaster ride in 2022.
Reply
4
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Khoo12
·2022-02-03
[Smile] [Smile]
Reply
3
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RW52
·2022-02-03
Market is reacting to sentiments instead of fundamentals. Another victim.[Speechless]
Reply
3
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yenyap
·2022-02-03
It raised from 157 to 188 few days ago, ppl sell the news.
Reply
3
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koolgal
·2022-02-03
Even though Qualcomm did well in their earnings report, the share price dropped due to market sentiments. If you believe in the future exponential growth of the company, it may be a great time to bargain hunt. 🤔
Reply
15
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Rattything
·2022-02-03
🤭
Reply
2
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Troytan
·2022-02-03
Not surprisingly with the volatility of the market.
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Great earnings and the company is projecting 1 billion dollars increase in revenue next quarter ad still down.","listText":"Crazy market. Great earnings and the company is projecting 1 billion dollars increase in revenue next quarter ad still down.","text":"Crazy market. Great earnings and the company is projecting 1 billion dollars increase in revenue next quarter ad still down.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091405936","repostId":1130847919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091241322,"gmtCreate":1643883987290,"gmtModify":1676533867637,"author":{"id":"3572472215057712","authorId":"3572472215057712","name":"Tiga168Go","avatar":"https://static.tigerbbs.com/1bc996103a384f9387f1232d243f3fa2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572472215057712","authorIdStr":"3572472215057712"},"htmlText":"Emotions have taken over. It’s gonna be a roller coaster ride in 2022.&nbsp;","listText":"Emotions have taken over. It’s gonna be a roller coaster ride in 2022.&nbsp;","text":"Emotions have taken over. It’s gonna be a roller coaster ride in 2022.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091241322","repostId":1130847919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091249195,"gmtCreate":1643883277531,"gmtModify":1676533867605,"author":{"id":"3564738902623228","authorId":"3564738902623228","name":"Khoo12","avatar":"https://static.tigerbbs.com/a1637796379aeed1538616117eb09330","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3564738902623228","authorIdStr":"3564738902623228"},"htmlText":"[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091249195","repostId":1130847919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091249305,"gmtCreate":1643883260781,"gmtModify":1676533867598,"author":{"id":"4100265120033250","authorId":"4100265120033250","name":"RW52","avatar":"https://static.tigerbbs.com/a60dbe5ba6d9edf9d4cf42c8c9e2eea1","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":0,"idStr":"4100265120033250","authorIdStr":"4100265120033250"},"htmlText":"Market is reacting to sentiments instead of fundamentals. Another victim.[Speechless]&nbsp;","listText":"Market is reacting to sentiments instead of fundamentals. Another victim.[Speechless]&nbsp;","text":"Market is reacting to sentiments instead of fundamentals. Another victim.[Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091249305","repostId":1130847919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091240813,"gmtCreate":1643883055749,"gmtModify":1676533867574,"author":{"id":"4089351600554580","authorId":"4089351600554580","name":"yenyap","avatar":"https://static.tigerbbs.com/c726f9fb59666b612473997952e30f45","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089351600554580","authorIdStr":"4089351600554580"},"htmlText":"It raised from 157 to 188 few days ago, ppl sell the news.&nbsp;","listText":"It raised from 157 to 188 few days ago, ppl sell the news.&nbsp;","text":"It raised from 157 to 188 few days ago, ppl sell the news.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091240813","repostId":1130847919,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091240346,"gmtCreate":1643883043474,"gmtModify":1676533867574,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"htmlText":"Even though Qualcomm did well in their earnings report, the share price dropped due to market sentiments.&nbsp; If you believe in the future exponential growth of the company, it may be a great time to bargain hunt. 🤔","listText":"Even though Qualcomm did well in their earnings report, the share price dropped due to market sentiments.&nbsp; If you believe in the future exponential growth of the company, it may be a great time to bargain hunt. 🤔","text":"Even though Qualcomm did well in their earnings report, the share price dropped due to market sentiments. If you believe in the future exponential growth of the company, it may be a great time to bargain hunt. 🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091240346","repostId":1130847919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091257506,"gmtCreate":1643882923376,"gmtModify":1676533867557,"author":{"id":"4102211517556300","authorId":"4102211517556300","name":"Rattything","avatar":"https://community-static.tradeup.com/news/fedc3e8a4b9c1aed4dfad81a90af3f01","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"idStr":"4102211517556300","authorIdStr":"4102211517556300"},"htmlText":"🤭","listText":"🤭","text":"🤭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091257506","repostId":1130847919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091227070,"gmtCreate":1643880610281,"gmtModify":1676533867301,"author":{"id":"3571482048865852","authorId":"3571482048865852","name":"Troytan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571482048865852","authorIdStr":"3571482048865852"},"htmlText":"Not surprisingly with the volatility of the market.","listText":"Not surprisingly with the volatility of the market.","text":"Not surprisingly with the volatility of the market.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091227070","repostId":1130847919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":190,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}