Qualcomm (QCOM) Stock Jumps Nearly 6% on Q4 Beat

QUALCOMM Incorporated (NASDAQ: QCOM) shares were trading nearly 6% higher after-hours following the company’s reported Q4 results, with EPS coming in at $2.55, beating the consensus estimate of $2.26.Qualcomm (NASDAQ: QCOM)

Quarterly revenue was $9.23 billion (vs. Street’s $8.86 billion), with QCT segment revenue growing 56% year-over-year to around $7.7 billion and QTL segment revenue growing 3% year-over-year to around $1.5 billion. Q4 marked the fifth consecutive quarter of greater than 100% year-over-year EBT Growth in QCT.

CEO Cristiano Amon noted the company was "exceeding our 2019 Analyst Day targets for revenue growth and diversification and operating margin expansion, while more than doubling our year-over-year Non-GAAP EPS."

The company provided its Q1/22 outlook, expecting revenue of $10-10.8 billion, compared to the consensus estimate of $9.7 billion. The company anticipates Q1 Non-GAAP diluted EPS of $2.90-$3.10.

You May Also Be Interested In

• Qualcomm (QCOM) PT Raised to $200 at Cantor Fitzgerald
• Qualcomm (QCOM) Is Said To Near Deal For Ai Chip Startup Modular - Bloomberg
• Texas AG Paxton announces ongoing investigation into Carnival over data breach