Qualcomm (QCOM) Stock Slides After Hours as Chip Margin Warning Overshadows Earnings Beat

TLDR Qualcomm stock closed at $173.19, up 5.33%, then dropped about 8% after hours. Q4 EPS of $2.17 and revenue of $10.32 billion topped estimates. Q1 EPS guidance midpoint of $2.25 fell short of the $2.32 analysts wanted. Chip-design margin is set to slip to 20% to 22% from 24%. Automotive revenue jumped 89% to $2 billion. Qualcomm (QCOM) stock ended Wednesday’s regular session at $173.19, up $8.76 or 5.33%. That gain vanished after the bell. The stock fell about 8% in after-hours trading, with one quote showing $157.91. QUALCOMM Incorporated, QCOM The drop came right after the company posted fiscal fourth-quarter results. The numbers beat expectations, but the outlook did not. Adjusted earnings came in at $2.17 a share. Wall Street had expected $2.16.

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