About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Wednesday, July 31st, 2024Markets closed higher today, in the wake of the latest Fed meeting. The Federal Open Market Committee (FOMC), followed by Fed Chair Jerome Powell’s press conference this afternoon, gave no surprises to the market. What it did was allow speculation to continue that rate cuts are indeed on the horizon. The Dow closed +99 points, +0.24%, while the Nasdaq zoomed up +451 points, +2.64%. The S&P 500 and small-cap Russell 2000 were +1.58% and +0.51%, respectively.The Fed’s press release f ...

Qualcomm Incorporated (QCOM) reported strong third-quarter fiscal 2024 results, with the bottom and top lines beating the respective Zacks Consensus Estimate, driven by healthy demand trends in Android handsets and automotive businesses. Both metrics improved year over year, led by the strength of the business model, revenue diversification and the ability to respond proactively to the evolving market scenario. Management expects a steady improvement in the demand trajectory in the remainder of fiscal 2024 ...

QUALCOMM Incorporated (NASDAQ:QCOM) Q3 2024 Results Conference Call July 31, 2024 4:45 PM ET Company Participants Mauricio Lopez-Hodoyan - Vice President, Investor Relations Cristiano Amon - President and Chief Executive Officer Akash Palkhiwala - Chief Financial Officer and Chief Operating Officer Alex Rogers - President of Qualcomm Technology Licensing and Global Affairs Conference Call Participants Matt Ramsay - TD Cowen Samik Chatterjee - JPMorgan Chris Caso - Wolfe Research Stacy Rasgon - Bernstein Res ...

Qualcomm (QCOM) came out with quarterly earnings of $2.33 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $1.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.56%. A quarter ago, it was expected that this chipmaker would post earnings of $2.30 per share when it actually produced earnings of $2.44, delivering a surprise of 6.09%.Over the last four quarters, the company has sur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________ FORM 10-Q _____________________ (Mark one) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 23, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 0-19528 QUALCOMM Incorporated (Exact name of registrant as specified in its charter) Dela ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Qualcomm Contact: Mauricio Lopez-Hodoyan Vice President, Investor Relations Phone: 1-858-658-4813 | e-mail: ir@qualcomm.com Qualcomm Announces Third Quarter Fiscal 2024 Results Revenues: $9.4 billion GAAP EPS: $1.88, Non-GAAP EPS: $2.33 —Greater Than 20% Year-Over-Year Growth in EBT— —QCT Automotive: 87% Year-Over-Year Growth in Revenues— SAN DIEGO - July 31, 2024 - Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal third quarter ended June 23, 202 ...

Qualcomm Incorporated (QCOM) is scheduled to report third-quarter fiscal 2024 earnings on Jul 31. The Zacks Consensus Estimate for revenues and earnings is pegged at $9.19 billion and $2.25 per share, respectively. Earnings estimates for QCOM have improved from $9.58 per share to $9.89 for 2024 and from $10.48 per share to $10.96 for 2025 over the past 90 days.QCOM Estimate TrendImage Source: Zacks Investment ResearchEarnings Surprise HistoryThe chip manufacturer delivered a four-quarter earnings surprise o ...

Investors looking to benefit from the growing adoption of AI smartphones should consider buying this chip stock while it is still cheap.Shares of Qualcomm (QCOM 2.66%) have enjoyed healthy gains of over 20% year to date, despite dropping 20% from the 52-week high it hit on June 18.However, there is a good chance this semiconductor stock could come out of this slump when it releases its fiscal 2024 third-quarter results on July 31. Let's see why that may be the case.Improving smartphone demand could help Qua ...

Qualcomm Inc‘s QCOM shares dropped 13% in just a month; this presents an excellent entry point for investors looking to capitalize on a promising upswing driven by artificial intelligence adoption.That’s according to to JPMorgan analyst Samik Chatterjee, who revised the price target upwards to $235 for December 2025 — a potential 34% upside. The “share price pull-back offers entry point,” Chatterjee noted."We see double-digit revenue growth consistently in the medium-term," he added. Qualcomm’s strategic fo ...