How to Play QCOM Stock After Missing Earnings Estimates Qualcomm's recent earnings report may have been a disappointment for investors, but it also marked a crucial moment of reckoning for the tech industry.
The company navigated a challenging quarter, and its leadership made it clear that they believe the worst is behind them. The numbers tell a story of woe: adjusted EPS of $2.
21 fell short of estimates by a penny, while revenue slipped 4% year over year to $9. 95 billion. Handset sales took a hit, dropping 20%, as memory supply shortages continued to plague the industry.