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0 -0.000369321679182582 0.0028314662070664 -0.00024621445278833 0.00147728671673033 0.000861750584759241 0.000615536131970912 -0.000123107226394252
Stock impact report

Qualcomm forecasts upbeat revenue as 5G demand mitigates virus impact [Reuters]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Company Research Source: Reuters
Qualcomm forecasts upbeat revenue as 5G demand mitigates virus impact (Reuters) - Qualcomm Inc ( QCOM.O ) on Wednesday forecast current-quarter revenue largely in line with expectations as it signed more contracts for 5G phones, which use higher-priced chips, at a time when the COVID-19 pandemic has disrupted production channels and led to a fall in demand for smartphones. The company also beat Wall Street estimates for second-quarter profit and revenue on the back of higher prices for its mobile chips, sending its shares up 5% in trading after the bell. Qualcomm forecast total revenue of between $4.4 billion and $5.2 billion for its third quarter. Analysts had estimated revenue of $4.89 billion, according to IBES data from Refinitiv. However, the company’s outlook was in contrast to many other chipmakers, including Intel Corp ( INTC.O ) and Texas Instrument Inc ( TXN.O ), who have either withdrawn or cut their revenue forecasts, citing the impact of the virus on demand and supp Show less Read more
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