Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Qualcomm’s (QCOM) Q4 2020 earnings report
Qualcomm Inc. (NASDAQ: QCOM) reported stronger-than-expected earnings and revenues for the fourth quarter of 2020, driving the stock higher on Wednesday evening. The company also provided guidance for the first quarter.
At $8.35 billion, unadjusted revenues were up 73% compared to last year and far above the consensus forecast. Adjusted profit moved up to $1.45 per share from $0.78 per share in the prior-year quarter and topped the Street view.
Net income was $2.96 billion or $2.58 per share, compared to $506 million or $0.42 per share in the fourth quarter of 2019. The results benefited from the company’s investments in 5G and contributions from the licensing and product businesses.
Read management/analysts’ comments on Qualcomm’s Q4 results
After recovering from the COVID-related selloff in March, Qualcomm’s shares hit a record high last month. The stock closed Wednesday’s regular trading higher and gained further following the earnings report.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Key takeaways from Kroger’s (KR) Q1 2025 earnings report
The Kroger Co. (NYSE: KR) recently reported mixed results for the first quarter of fiscal 2025, with earnings beating estimates and sales missing. The grocery giant’s stock rose following the
What to expect when McCormick & Company (MKC) reports Q2 2025 earnings results
Shares of McCormick & Company, Incorporated (NYSE: MKC) gained over 1% on Monday. The stock has dropped 7% over the past three months. The condiments maker is slated to report its second
Earnings Preview: Paychex (PAYX) looks set to end FY25 on a strong note
Paychex Inc. (NASDAQ: PAYX) has benefited from the stable labor market and resilient customers, despite inflationary pressures and the challenging economic environment. The company is leveraging its strong fundamentals and
