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Barchart
Kritika Sarmah

Earnings Preview: What to Expect From QUALCOMM's Report

Qualcomm QCOM

QUALCOMM Incorporated (QCOM), valued at a market cap of $178.3 billion,  is a leading semiconductor company in the wireless technology industry. It develops advanced mobile, automotive, and AI-focused chip designs and licenses key patents for 3G, 4G, and 5G technologies. The San Diego, California-based company is expected to announce its fiscal Q1 earnings results after the market closes on Wednesday, Jan. 29.

Ahead of the event, analysts expect the chipmaker to report a profit of $2.40 per share, up 3% from $2.33 per share in the year-ago quarter. The company has consistently outperformed Wall Street's earnings expectations over the past four quarters, including a 12.4% beat on consensus EPS estimates in the most recent quarter.

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