Qualcomm (QCOM) PT Raised to $175 at Mizuho Securities
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Qualcomm (QCOM) Falls on Outlook Miss, Analyst Still Raises to Buy on Attractive Valuation
July 28, 2022 8:32 AM EDTShares of Qualcomm (NASDAQ: QCOM) are down 3.6% in premarket Thursday after the company offered soft guidance.
QCOM reported an adjusted EPS of $2.96 on revenue of $10.93 billion to top the average analyst estimate of EPS of $2.86 on revenue of $10.87 billion.
The company also announced the extension of the partnership with Samsung.
As for this quarter, QCOM expects to generate revenues between $11 billion and $11.8 billion, missing the consensus of $11.92 billion. The adjusted EPS is seen between $3 and... More
