Qualcomm Stock Rises on Positive Earnings and Revenue Outlook
- Qualcomm (QCOM) stock rose 1.68% and outpaced the broader market
- QCOM earnings are projected to increase 7.44% year-over-year next quarter
- Revenue is expected to rise 0.19% year-over-year next quarter
- For the full fiscal year, earnings and revenue are forecast to grow 13.52% and 4.83%, respectively
- QCOM has a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 17.88, indicating a premium versus its industry