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Barchart
Barchart
Sohini Mondal

QUALCOMM's Quarterly Earnings Preview: What You Need to Know

Qualcomm QCOM

With a market cap of $190.7 billion, QUALCOMM Incorporated (QCOM) 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 Q4 earnings results after the market closes on Wednesday, Nov. 6.

Ahead of the event, analysts expect the chipmaker to report a profit of $2.01 per share, up 26.4% from $1.59 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in the past four quarters. QCOM exceeded the consensus EPS estimates by a 12.2% margin in the most recent quarter. 

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