Categories AlphaGraphs, Earnings, Technology
Earnings: Qualcomm’s (QCOM) Q4 profit meets estimates; revenues rise 22%
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) Wednesday reported higher earnings and revenues for the fourth quarter of 2022 as the demand for microprocessors remained high. The company also provided guidance for the first quarter of 2023.
At $11.40 billion, fourth-quarter revenues were up 22% from the prior-year quarter and above the consensus forecast. The QCT segment registered strong growth.
Net income was $2.87 billion or $2.54 per share, compared to $2.79 billion or $2.45 per share in the fourth quarter of 2021. Adjusted profit moved up to $3.13 per share from $2.55 per share last year and came in line with the Street view.
Check this space to read management/analysts’ comments on Qualcomm’s Q4 results
“We are pleased to report another strong year, despite the macroeconomic challenges, as we continue to execute our strategy of transforming Qualcomm from a wireless communications company for the mobile industry to a connected processor company for the intelligent edge,” said Qualcomm’s CEO Cristiano Amon.
Stocks you may like:
International Business Machines Corp. (IBM) Stock
MKC Earnings: Key quarterly highlights from McCormick & Company’s Q1 2023 financial results
McCormick & Company, Incorporated (NYSE: MKC) reported first quarter 2023 earnings results today. Sales increased 3% year-over-year to $1.56 billion. Sales growth was 5% in constant currency. Net income was $139.1
Earnings: Trxade Health (MEDS) reports 16% rise in FY22 revenue; loss narrows
Trxade Health, Inc. (NASDAQ: MEDS), a leading health service IT company, reported a double-digit increase in revenues for fiscal 2022. The company's full-year net loss narrowed from the prior year.
Can KB Home (KBH) beat market headwinds in 2023?
KB Home (NYSE: KBH) has been expanding its presence beyond the key markets lately, while also diversifying homebuilding operations by offering highly customized options to customers. The downturn in the