Company news: Qualcomm's (QCOM) quarterly results beat analysts’ expectations

Qualcomm (QCOM) reported Q4 FY2024 earnings of $2.69 per share (versus $2.02 per share in Q4 FY2023), beating analysts’ consensus estimate of $2.56 per share.

The company’s quarterly revenues amounted to $10.244 bln (+18.2% y/y), beating analysts’ consensus estimate of $9.905 bln.

The company also issued guidance for Q1 FY2025, seeing EPS of $2.85-3.05 versus analysts’ consensus estimate of $2.86 and revenues of $10.5-$11.3 bln versus analysts’ consensus estimate of $10.6 bln.

QCOM rose to $186.15 (+7.61%) in pre-market trading.