Qualcomm, Inc. Begins Layoffs [The Motley Fool]
QUALCOMM Incorporated (QCOM)
Last qualcomm incorporated earnings: 4/29 04:01 pm
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US:NASDAQ Investor Relations:
qualcomm.com/info/investor-relations
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Source: The Motley Fool
Here's what this means for investors. Ashraf Eassa ( TMFChipFool ) Apr 25, 2018 at 1:33PM When Qualcomm ( NASDAQ:QCOM ) was in the midst of trying to block a takeover by fellow chip giant Broadcom , the former came out and pledged to cut $1 billion in costs in order to help it achieve its long-term earnings-per-share growth target. As Qualcomm tries to make good on that promise, Bloomberg reports that the company has started axing roughly 1,500 jobs in California. Image source: Qualcomm. The layoffs in California represent the bulk of the cuts, though some positions will be eliminated in other locations, according to Bloomberg. Let's go over what these layoffs mean for Qualcomm shareholders. Cost cuts boost profits The good news for investors is that this should have the effect of boosting Qualcomm's net income and earnings per
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News
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- QUALCOMM Incorporated (NASDAQ: QCOM) is now covered by analysts at Benchmark Co.. They set a "buy" rating and a $200.00 price target on the stock.MarketBeat
- Qualcomm Schedules Second Quarter Fiscal 2024 Earnings Release and Conference CallBusiness Wire
- Qualcomm (QCOM) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Advantech Establishes Collaboration with Qualcomm to Shape the Future of the Edge [Yahoo! Finance]Yahoo! Finance
QCOM
Earnings
- 1/31/24 - Beat
QCOM
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 144
- 4/2/24 - Form 4
- QCOM's page on the SEC website