Movement Alert｜Qualcomm Overnight fall 3.17%, earnings preview points to lower quarterly revenue and profit

Market Focus10-30 08:42

On October 30, Qualcomm fell 3.17% Overnight, trading at $179.53 per share, with turnover of $0.5818 million.

The clearest catalyst was a weaker earnings preview ahead of its November 4 results, with consensus forecasts indicating both revenue and profit will decline from a year earlier, pressuring sentiment before the report.

Consensus expectations point to quarterly revenue of $10.116 billion, down 6.27% year over year, adjusted EPS of $2.16, down 24.94%, and EBIT of $2.784 billion, down 23.40%. Supporting context from the prior quarter showed revenue of $9.947 billion and adjusted EPS of $2.21. Recent company developments also included a performance-based global layoff plan announced for November, underscoring operating pressure against a weak consumer electronics backdrop.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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