Qualcomm (QCOM) Tops Q4 EPS by 28c, Q1 Guidance Tops Consensus
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Qualcomm (QCOM) PT Raised to $170 at Cowen
November 5, 2020 7:18 AM ESTCowen analyst Matthew Ramsay raised the price target on Qualcomm (NASDAQ: QCOM) to $170.00 (from $150.00) while maintaining an Outperform rating.
The analyst commented, "Qualcomm printed a significant beat/raise as both QTL and QCT contributed meaningfully to growth. With Qualcomm now a clean... More
Qualcomm (QCOM) Shares Rally 14% on Sales and Earnings Beat, Several Firms Boost Numbers
November 5, 2020 7:05 AM ESTShares of Qualcomm (NASDAQ: QCOM) erupted 14% in pre-open trading Thursday after the company reported higher-than-expected sales and earnings numbers for the third quarter. The strong results and 5G opportunity led many Wall Street firms to raise estimates and price targets.
QCOM posted EPS of $1.45 per share on an adjusted basis to top Streets expectations of $1.17. Revenue came in at $6.5 billion vs $5.93 billion estimated. Net income soared 76% compared to a year ago.
Fiscal 2020 was an extraordinary year, presenting both a unique set of opportunities as well as challenges. We achieved a number of significant... More
