$XAU Qualcomm shares fall 3% after disappointing phone revenue and rising costs
Qualcomm (NASDAQ: QCOM) shares fell 3% after the company reported lower-than-expected phone revenue and warned of rising semiconductor input costs, overshadowing quarterly earnings that beat analysts’ estimates.
Qualcomm reported adjusted fourth-quarter earnings of $2.17 per share, narrowly exceeding analysts’ expectations of $2.16, while adjusted revenue came in at $10.44 billion, above forecasts of $10.12 billion. However, phone revenue fell 26% year over year to $5.14 billion, below analysts’ estimates of $5.25 billion.
#BTCRebounds80K #USMidterms-WhatAreMarketsExpecting? #AMDBeatsExpectations-AINarrativeContinues #CircleQ3Revenue865M #CircleQ3Revenue865M $XAUT
Qualcomm (NASDAQ: QCOM) shares fell 3% after the company reported lower-than-expected phone revenue and warned of rising semiconductor input costs, overshadowing quarterly earnings that beat analysts’ estimates.
Qualcomm reported adjusted fourth-quarter earnings of $2.17 per share, narrowly exceeding analysts’ expectations of $2.16, while adjusted revenue came in at $10.44 billion, above forecasts of $10.12 billion. However, phone revenue fell 26% year over year to $5.14 billion, below analysts’ estimates of $5.25 billion.
#BTCRebounds80K #USMidterms-WhatAreMarketsExpecting? #AMDBeatsExpectations-AINarrativeContinues #CircleQ3Revenue865M #CircleQ3Revenue865M $XAUT
