Categories AlphaGraphs, Earnings, Technology

Mixed results from Qualcomm in Q1: Infographic

Qualcomm (NASDAQ: QCOM) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The semiconductor manufacturer reported first-quarter revenue of $8.24 billion, up 62% year-over-year, but slightly below the Wall Street projection. Net income of $2.17 per share was, meanwhile, higher than what analysts had anticipated.

QCOM shares fell over 8% immediately following the announcement. The stock has rallied 88% in the trailing twelve months.

Qualcomm Q1 2021 earnings

Looking forward to listening to management / analyst comments on the results? Stay tuned here for Qualcomm Q1 earnings call transcript

CEO Steve Mollenkopf said in a statement, “We remain well-positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries.”

Notably, starting this quarter, the semiconductor firm has stopped reporting MSM chip shipments figure.

Prior performance

Most Popular

Electronic Arts (EA) Q4 earnings drop and miss estimates; revenue down 3%

Video game company Electronic Arts, Inc. (NASDAQ: EA) reported lower earnings and revenues for the fourth quarter of 2021. Earnings also missed analysts' forecast. During the March quarter, net bookings

What lies in store for Tyson Foods (TSN) this year?

Shares of Tyson Foods Inc. (NYSE: TSN) were in green territory during afternoon hours on Tuesday. The stock has gained 32% over the past 12 months and 23% since the

Virgin Galactic (SPCE) fails to impress market amid looming uncertainty

Space tourism company Virgin Galactic Holdings, Inc. (NYSE: SPCE) ended the first quarter of 2021 without generating revenue and continued the losing streak even as uncertainty over its test flight

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top