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Qualcomm Stock Is Rising Because Its Earnings Were Good and Its Guidance Even Better

 


that the organization beat its 2021 monetary objectives spread out at the organization's 2019 examiner day for both income development and edge extension. "We are all around situated to keep on driving in versatile and empower the computerized change of businesses with our wide arrangement of significant advances," he said. "Our outcomes across RF front-end, Automotive and IoT confirm the accomplishment of our innovation guide and income enhancement technique." 

For the full monetary year, the organization posted income of $33.47 billion, with non-GAAP benefits of $9.8 billion or $8.54 an offer, up from $21.65 billion and $4.19 an offer a year sooner. 

Qualcomm sees monetary first-quarter income of between $10 billion and $10.8 billion, with non-GAAP benefits of somewhere in the range of $2.90 and $3.10 an offer. The Wall Street agreement had called for income of $9.7 billion and benefits of $2.60 an offer. The organization currently sees all out schedule 2021 worldwide handset shipments going from 500 to 550 million, limiting the reach from a past estimate of 450 million to 550 million. 

Qualcomm likewise said it repurchased $771 million of stock in the quarter, supporting the absolute for the entire year to $3.4 billion.

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