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Qualcomm (QCOM) Stock Analysis: Is QCOM A Good Growth Stock?
Qualcomm (#QCOM) shares are up +3% in after hours after the company reported Q3 earnings and estimate higher revenues for Q4 than what analyst were expecting.
The chip maker announced Q3 Non-GAAP EPS of $1.92 (beats by $0.24) and revenue of $8.06B (+64.5% Y/Y). Revenue segments in handsets and IoT led much of the growth, which is a promising sign for company growth because those are growing sectors. Is now a good time to buy #Qualcomm stock?
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By Financial MoversQualcomm (#QCOM) shares are up +3% in after hours after the company reported Q3 earnings and estimate higher revenues for Q4 than what analyst were expecting.
The chip maker announced Q3 Non-GAAP EPS of $1.92 (beats by $0.24) and revenue of $8.06B (+64.5% Y/Y). Revenue segments in handsets and IoT led much of the growth, which is a promising sign for company growth because those are growing sectors. Is now a good time to buy #Qualcomm stock?