Qualcomm Stock Is up 18% This Week. How Much Higher Can It Go?

Some companies can’t wait to put 2020 behind them but at Qualcomm (QCOM) HQ, they might be wishing it never ends.The semiconductor giant has brushed aside any Covid-19 and macro headwinds, and totally shocked the market after blowing its fiscal fourth-quarter earnings out of the water.In FQ4, Qualcomm delivered revenue of $6.5 billion, a year-over-year increase of 35.1%, beating the estimates by $560 million. The bottom-line results flew past the Street’s forecast too, with Non-GAAP EPS of $1.45 coming in $0.27 ahead of consensus.While this earnings season has been characterized by strong results only to be let down by weak …read more

Source:: Yahoo Finance


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