Movement Alert｜Qualcomm Falls 3.19% in After-Hours Trading, Earnings Preview Highlights Expected Revenue and Profit Declines

Market Focus10-30 05:09

On October 30, Qualcomm fell 3.19% in After-Hours Trading to $179.96 per share, with turnover of $111 million.

The move coincided with renewed focus on its upcoming November 4 results, as market expectations point to weaker year-on-year performance this quarter.

Consensus estimates indicate 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%. For context, in the prior quarter Qualcomm reported revenue of $9.947 billion, down 4.03% year over year, with adjusted EPS of $2.21. Recent broker actions were comparatively constructive, including target price increases to $185 and $200, but the latest after-hours weakness aligns more directly with the near-term earnings slowdown now in focus.

(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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