Qualcomm delivers beat on earnings, stock slides in overtime

Core Insights - The company reported earnings of $11.27 billion, exceeding the expected $10.79 billion, indicating strong performance [1] - Adjusted EPS was $3, surpassing the anticipated $2.88, reflecting effective cost management and revenue generation [1] - Guidance for Q1 is solid, with revenue expected to be between $11.8 billion and $12.6 billion, compared to the $11.62 billion forecast [1] - The midpoint EPS guidance for Q1 is $3.40, higher than the expected $3.31 [1] Geographic and Sector Performance - Growth was observed across various geographies, indicating a broad market appeal [2] - The automotive sector showed a significant increase of 17%, highlighting its potential as a growth area for the company [2]