Company News: Qualcomm (QCOM) posts mixed quarterly results

Market news

6 February 2020

Company News: Qualcomm (QCOM) posts mixed quarterly results

Qualcomm (QCOM) reported Q1 FY 2020 earnings of $0.80 per share (versus $1.20 per share in Q1 FY 2019), missing analysts' consensus estimate of $0.86 per share.

The company's quarterly revenues amounted to $5.077 bln (+4.9% y/y), beating analysts' consensus estimate of $4.856 bln.

QCOM fell to $89.27 (-1.80%) in pre-market trading.

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