Categories AlphaGraphs, Earnings, Technology

QCOM Earnings: Key quarterly highlights from Qualcomm’s Q3 2023 financial results

Qualcomm Incorporated (NASDAQ: QCOM) reported third quarter 2023 earnings results today.

Revenues decreased 23% year-over-year to $8.4 billion.

GAAP net income fell 52% to $1.8 billion, or $1.60 per share, compared to last year. Adjusted EPS dropped 37% to $1.87.

Both revenue and earnings beat expectations.

For the fourth quarter of 2023, the company expects revenues of $8.1-8.9 billion and adjusted EPS of $1.80-2.00.  

The stock was down over 3% in aftermarket hours on Wednesday.  

Prior performance

Most Popular

Nike (NKE) looks set to beat hurdles and build a brighter future

Nike, Inc. (NYSE: NKE) has long been ruling the sportswear market but the company had its share of problems when headwinds like the pandemic and economic slowdown hit the business

Electronic Arts (EA): A few points to keep in mind if you have an eye on this gaming company

Shares of Electronic Arts Inc. (NASDAQ: EA) stayed green on Friday. The stock has dropped 7% over the past three months. The video game industry has been facing challenges as

Petros Pharma is focused on establishing mechanisms for Rx-to-OTC switch: CCO Fady Boctor

Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) is a pharma company focused on identifying, developing, and commercializing therapeutics for men's health issues. It operates mainly through the business segments of Prescription Medications

Add Comment
Viewing Highlight