Qualcomm Tickers Higher On Top, Bottom Line Beat

by Javier Hasse, Benzinga Editor

November 2, 2016 4:22 PM | 24 seconds read |

QUALCOMM, Inc. QCOM reports Q4 EPS of $1.28, $0.15 above the Street’s consensus.
Revenue of $6.2 billion, up 13.8 percent year-over-year, also comes in $360 million above expectations.
Management guides for Q1 sales of $5.7 billion to $6.5 billion, versus estimates of $6.15 billion.
Management sees Q1 EPS of $1.12-$1.22, mostly below the Street’s $1.22 estimate.
Shares are trading up more than 1 percent in Wednesday’s after-hours session.