Qualcom reports upbeat guidance as Q4 results beat; announces $15B stock buyback
) reported better-than-expected guidance following fiscal fourth-quarter results that topped Wall Street estimates and chipmaker announced a new $15 billion stock buyback program as smartphone chip demand improved.adjusted earnings per diluted share of $2.69 on revenue of $10.24B, beating Wall Street estimates for adjusted EPS of $2.56 on revenue of $9.9B.
For fiscal Q1, the company forecast adjusted EPS of $2.85 to $3.05 on revenue of $10.5B to $11.3B, or $10.9B at the midpoint, compared with estimates for $2.87 and $10.61B, respectively.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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