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Top related persons:
Cristiano Amon - 1 They're - 1 It's - 1 Wall - 1
Top related locs:
New York QCT
Top related orgs:
Qualcomm Incorporated - 1 CNBC - 1 New York Stock Exchange - 1 Qualcomm - 1 Revenue - 1 Qualcomm's - 1

Search resuls for: "Qualcomm Incorporated"


3 mentions found


☆ Qualcomm gives strong forecast, signaling chip slump recovery
  + stars: | 2023-11-01 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Qualcomm reported fourth-quarter earnings on Wednesday that beat expectations for sales and earnings, despite big year-over-year declines, and gave a strong forecast for the current quarter. Net income during the quarter was $1.49 billion or $1.32 per share, a 48% decrease from last year's $2.87 billion or $2.54 per share. Revenue during the quarter declined 24% year-over-year from $11.39 billion last year. Handset chip sales declined 27% to $5.46 billion, above Street Account expectations of $5.34 billion. Qualcomm said it spent $400 million on share repurchases and $900 million on dividends during the quarter.
Persons: Cristiano Amon, They're, It's, Wall Organizations: Qualcomm Incorporated, CNBC, New York Stock Exchange, Qualcomm, Revenue, Qualcomm's Locations: New York, QCT
☆ Qualcomm must face shareholder class action over sales practices
  + stars: | 2023-03-21 | by ( Jody Godoy | Thomson Reuters | Jody Godoy Reports On Banking | ) www.reuters.com   time to read: +1 min
Companies Qualcomm Inc FollowMarch 21 (Reuters) - A federal judge has ruled that shareholders suing chip maker Qualcomm Inc (QCOM.O) for allegedly hiding anticompetitive sales and licensing practices may bring their claims as a class action. U.S. District Judge Jinsook Ohta on Monday rejected Qualcomm's argument that the sales practices were already publicly known. The class covers investors who bought Qualcomm common stock between Feb. 1, 2012 and Jan. 20, 2017 and incurred losses. Qualcomm paid the Korea Fair Trade Commission 1.03 trillion won ($912.34 million) in 2017 for what the regulator called unfair business practices in licensing and chip sales. The case is Shah v. Qualcomm Incorporated et al., U.S. District Court, Southern District of California, No.
☆ Qualcomm shares fall on weak first-quarter outlook
  + stars: | 2022-11-03 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +2 min
Shares of chipmaker Qualcomm fell more than 8% Thursday, a day after the company reported weak first-quarter guidance and said it started a hiring freeze in the current quarter. But the company called for fiscal first-quarter adjusted earnings of $2.25 to $2.45 per share on $9.2 billion to $10 billion in revenue. Analysts polled by Refinitiv had expected earnings per share of $3.42 and revenue of $12.02 billion. CEO Cristiano Amon stressed on the company's earnings call that the company is looking at a "temporary cyclical inventory drawdown." Piper Sandler analysts maintained an overweight rating but cut their price target from $185 to $145, saying they "see the drawdowns as limited to the December and March quarters."
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