What Happened: Qualcomm reported record first-quarter revenue of $11.7 billion, up 17 % year-over-year. The revenue total beat a Street consensus estimate of $10.93 billion, according to data from ...
All in all, I see potential in Qualcomm as they diversify their revenue streams, however, in the near term, the uncertainty is too high for me to initiate a position prior to Q1 earnings.
The chipmaker posted revenue of $11.67 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $10.92 billion. For the current quarter ending in March, Qualcomm ...