Company News: Qualcomm (QCOM) quarterly results beat analysts’ expectations

Market news

8 November 2018

Company News: Qualcomm (QCOM) quarterly results beat analysts’ expectations

Qualcomm (QCOM) reported Q4 FY 2018 earnings of $0.90 per share (versus $0.92 in Q4 FY 2017), beating analysts’ consensus estimate of $0.84.

The company’s quarterly revenues amounted to $5.833 bln (-2.1% y/y), beating analysts’ consensus estimate of $5.541 bln.

The company also issued guidance for Q1 FY 2019, projecting EPS of $1.05-1.15 (versus analysts’ consensus estimate of $0.92) and revenues of $4.50-5.30 bln (versus analysts’ consensus estimate of $5.58 bln).

QCOM fell to $58.63 (-7.25%) in pre-market trading.

Canadian housing starts index rose more than expected in October

Canada: Housing Starts, October 205.9 (forecast 200)

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