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Qualcomm reports better-than-anticipated Q2 earnings but falls short on outlook [Yahoo! Finance]

QUALCOMM Incorporated (QCOM)  More Company Research Source: Yahoo! Finance
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The company said it anticipates third quarter revenue of between $9.2 billion and $10 billion. Analysts were looking for $10.23 billion. The report comes after TF International Securities analyst Ming-Chi Kuo reported that Qualcomm is working with OpenAI to produce a smartphone chip that will go into mass production in 2028. The move is part of the AI lab's effort to do something Amazon ( AMZN ), Meta ( META ), and Microsoft ( MSFT ) have failed to do: crack the Apple ( AAPL ) and Google ( GOOG ) smartphone duopoly. But Kuo's report comes at a difficult time for the smartphone market as the global memory crisis cuts into supplies, increasing prices and eroding demand for entry-level devices. For the second quarter, Qualcomm reported earnings per share (EPS) of $2.65 on revenue of $10.59 billion. Wall Street analysts were looking for EPS of $2.55 on revenue of $10.56 billion, according to Bloomberg analyst consensus estimates. Qualcomm saw EPS of $2.85 and revenue of $10.83 bi [Read more]
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Stockreport

Qualcomm reports better-than-anticipated Q2 earnings but falls short on outlook [Yahoo! Finance]

QUALCOMM Incorporated  (QCOM) 
More Company Research Source: Yahoo! Finance
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The company said it anticipates third quarter revenue of between $9.2 billion and $10 billion. Analysts were looking for $10.23 billion. The report comes after TF International Securities analyst Ming-Chi Kuo reported that Qualcomm is working with OpenAI to produce a smartphone chip that will go into mass production in 2028. The move is part of the AI lab's effort to do something Amazon ( AMZN ), Meta ( META ), and Microsoft ( MSFT ) have failed to do: crack the Apple ( AAPL ) and Google ( GOOG ) smartphone duopoly. But Kuo's report comes at a difficult time for the smartphone market as the global memory crisis cuts into supplies, increasing prices and eroding demand for entry-level devices. For the second quarter, Qualcomm reported earnings per share (EPS) of $2.65 on revenue of $10.59 billion. Wall Street analysts were looking for EPS of $2.55 on revenue of $10.56 billion, according to Bloomberg analyst consensus estimates. Qualcomm saw EPS of $2.85 and revenue of $10.83 bi [Read more]
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