FMP
Nov 7, 2024 12:44 PM - Davit Kirakosyan
Image credit: FMP
Qualcomm (NASDAQ:QCOM) rallied more than 8% in pre-market today after posting stronger-than-anticipated fourth-quarter results and providing robust guidance, signaling an upturn in smartphone chip demand. The company also announced a substantial $15 billion stock buyback program.
For the quarter, Qualcomm reported adjusted earnings per share of $2.69 on revenue of $10.24 billion, surpassing Wall Street expectations of $2.56 EPS on $9.9 billion revenue. The outperformance was largely fueled by its core handset chip division, which recorded a 12% sales increase to $6.10 billion year-over-year.
Looking ahead to the first fiscal quarter, Qualcomm projected adjusted EPS between $2.85 and $3.05, with anticipated revenue ranging from $10.5 billion to $11.3 billion. This guidance at the midpoint exceeded analyst estimates of $2.87 EPS on $10.61 billion in revenue.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...