Qualc
Qualcomm (QCOM) closed the latest buying and selling day at $87.02, transferring -1.88% from the earlier buying and selling session. This transfer lagged the S&P 500’s every day lack of 0.71%. Elsewhere, the Dow misplaced 0.81%, whereas the tech-heavy Nasdaq misplaced 0.79%.
Previous to as we speak’s buying and selling, shares of the chipmaker had gained 7.39% over the previous month. This has outpaced the Laptop and Know-how sector’s acquire of seven.25% and the S&P 500’s acquire of 4.77% in that point.
Traders will probably be hoping for energy from QCOM because it approaches its subsequent earnings launch. The corporate is predicted to report EPS of $0.85, down 29.17% from the prior-year quarter. Our most up-to-date consensus estimate is asking for quarterly income of $4.83 billion, down 0.35% from the year-ago interval.
Wanting on the full yr, our Zacks Consensus Estimates recommend analysts expect earnings of $4.12 per share and income of $21.88 billion. These totals would mark modifications of +16.38% and -9.84%, respectively, from final yr.
…