Qualcomm (QCOM) reported fourth quarter earnings after the bell Wednesday, topping expectations on the top and bottom lines and providing a better-than-anticipated Q1 revenue outlook.
But a lower-than-expected midpoint for its earnings per share (EPS) forecast send shares lower following the report.
For Q4, Qualcomm reported adjusted earnings per share (EPS) of $2.17 on revenue of $10.32 billion. **** ysts were projecting EPS of $2.16 and revenue of $10.12 billion.
The company saw EPS of $3.00 and revenue of $11.27 billion in the same quarter last year.
Qualcomm also offered Q1 revenue guidance of $10.4 billion to $11.2 billion, with the midpoint ahead of Wall Street's $10.6 billion outlook.
#outlook
But a lower-than-expected midpoint for its earnings per share (EPS) forecast send shares lower following the report.
For Q4, Qualcomm reported adjusted earnings per share (EPS) of $2.17 on revenue of $10.32 billion. **** ysts were projecting EPS of $2.16 and revenue of $10.12 billion.
The company saw EPS of $3.00 and revenue of $11.27 billion in the same quarter last year.
Qualcomm also offered Q1 revenue guidance of $10.4 billion to $11.2 billion, with the midpoint ahead of Wall Street's $10.6 billion outlook.
#outlook
19 hours ago
