Qualc
Qualcomm (QCOM) closed the newest buying and selling day at $89.91, shifting +1.35% from the earlier buying and selling session. This transfer outpaced the S&P 500’s each day acquire of 0.67%. On the similar time, the Dow added 0.74%, and the tech-heavy Nasdaq gained 0.81%.
Coming into right this moment, shares of the chipmaker had gained 1.98% prior to now month. In that very same time, the Laptop and Know-how sector gained 6.02%, whereas the S&P 500 gained 3.55%.
Traders will probably be hoping for energy from QCOM because it approaches its subsequent earnings launch, which is anticipated to be February 5, 2020. In that report, analysts count on QCOM to put up earnings of $0.85 per share. This may mark a year-over-year decline of 29.17%. Our most up-to-date consensus estimate is looking for quarterly income of $4.83 billion, down 0.35% from the year-ago interval.
QCOM’s full-year Zacks Consensus Estimates are calling for earnings of $4.12 per share and income of $21.88 billion. These outcomes would characterize year-over-year adjustments of +16.38% and -9.84%, respectively.
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