Qualcomm ‘Better Than Peers,’ Earnings Ease Fears

By | January 30, 2014

Scalper1 News

Qualcomm (QCOM) stock rose Thursday after its earnings and outlook released late Wednesday alleviated the worst fears that slowing smartphone sales would pressure its growth. Qualcomm stock was up 2.5%, near 73, in midday trading in the stock market today. The stock hit an all-time high of 75.90 last Thursday. “Given the recent negative commentary coming out of the handset industry, investors were expecting mixed results from Qualcomm,” wrote Anil Scalper1 News

Scalper1 News