Something smells really afoul here. And, analysts are lying, with multiple articles stating QCOM missed Estimates
Just wondeful! QCOM beats eps (1.17). Every source I looked at before today had 1.05 as expected eps. It is absolutely unacceptable and seemingly rigged, that on the DAY of earnings, everyone is quoting 1.17 as the expected eps.
Revenue: Was a beat; expected 6.08B, actual was 6.12B.
Guidance: Some say it was in line, others say it was short.
What the h---l's going on here? I have just lost a ton of money. I wish I had sold this near its high today, but this was the last stock I thought would go down 6% in afterhours.
Why is it that stock after stock that either misses eps by a bit, or revenue by more than a bit, and even guidance misses, simply shoots up, and often stays up? What type of filth is this?
BRCM, which supplies similar chips, but in much less quantity, went up about 6% yesterday evening, and stayed up most of the day at the same level.
I think it all about the stock options. The MM's move it where they want to. The stock was down after hours the second the earnings were announced.Then they come up with a lame story later for the reason.Maybe it will sort itself out after the options expire. I only own 150 shares so it I will hold on.