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Day: April 29, 2022

Trading Signals

Qualcomm Incorporated (QCOM) is Gaining Momentum on Earnings Catalyst

Qualcomm Incorporated (NASDAQ: QCOM) has released its second-quarter report for the fiscal year 2022. The stock surpassed Wall Street projections by a wide margin, and its stellar performance was one of the driving forces behind the tech sector’s rally on April 28. Qualcomm’s sales increased 41% year over year to a new high of $11.2 billion, with GAAP earnings of $2.57 per share. The corporation paid out $1.7 billion in dividends to stockholders, including $0.8 billion in dividends. Despite transitory supply chain difficulties, Qualcomm’s business remains robust and healthy. Sales are increasing in all main areas, and revenue is expected