These Analysts Lower Their Forecasts On Qualcomm After Q1 Earnings

Qualcomm Inc (NASDAQ:QCOM) reported upbeat first-quarter financial results and issued second-quarter guidance below estimates on Wednesday.

Qualcomm reported record quarterly revenue with first-quarter total revenue of $12.25 billion, up 5% year-over-year. The revenue beat a Street consensus estimate of $12.18 billion according to data from Benzinga Pro. The company reported adjusted earnings per share of $3.50, which beat a Street consensus estimate of $3.40.

Qualcomm's guidance is for second-quarter revenue in a range of $10.20 billion to $11.0 billion, versus a Street consensus estimate of $11.11 billion according to data from Benzinga Pro. The company's guidance is for second-quarter adjusted earnings per share of $2.45 ...

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These Analysts Lower Their Forecasts On Qualcomm After Q1 Earnings

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