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While Microsoft (MSFT) and Meta Platforms (META) shined in the Big Tech space, Diane King Hall turns to a mixed earnings picture elsewhere on Wall Street. CVS Health (CVS) posted an earnings beat, raised guidance, and announced a Wegovy deal with Novo Nordisk (NVO), all contributing to its rally.
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) shares fell almost 8% in early trade on Thursday as weak guidance drew focus from better-than-expected results for the fiscal second quarter. The company projected fiscal third quarter revenue between $9.9 billion and $10.7 billion, at the midpoint of $10.3 billion below Wall Street estimates of $10.34 billion.
Qualcomm Inc. NASDAQ: QCOM added more than 1% in Wednesday's session, continuing its rebound from multi-year lows earlier this month. The stock has now rallied more than 20% in just three weeks, as optimism built heading into the company's Q2 earnings report last night.
U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Thursday.
Qualcomm Inc's (NASDAQ: QCOM) commitment to diversify its revenue beyond smartphone demand will help unlock significant upside in its stock price moving forward, says Samik Chatterjee, a senior JPM analyst. Qualcomm reported better-than-expected earnings for its fiscal second quarter last night but issued cautious guidance for the future.
QUALCOMM Incorporated. (NASDAQ:QCOM ) Q2 2025 Earnings Conference Call April 30, 2025 4:45 PM ET Company Participants Mauricio Lopez-Hodoyan - VP of IR Cristiano Amon - President and CEO Akash Palkhiwala - CFO and COO Alex Rogers - President, QTL & Global Affairs Conference Call Participants Joshua Buchalter - TD Cowen Samik Chatterjee - JPMorgan Timothy Arcuri - UBS Stacy Rasgon - Bernstein Joseph Moore - Morgan Stanley Chris Caso - Wolfe Research Christopher Rolland - Susquehanna International Ross Seymore - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by.
While the top- and bottom-line numbers for Qualcomm (QCOM) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
While PCE month over month was flat on both headline and core, Pending Home Sales increased and late earnings reports posted beats.
Market Domination anchors Julie Hyman and Josh Lipton break down the latest earnings for Microsoft, Meta, Qualcomm, and Robinhood. They also speak to analysts to break down key takeaways for investors.
Qualcomm (QCOM) came out with quarterly earnings of $2.85 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $2.44 per share a year ago.