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U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Thursday.
Shares of QUALCOMM Incorporated (NASDAQ:QCOM) fell sharply in today's pre-market trading as the company reported second-quarter financial results.
Qualcomm reported second-quarter revenue of $10.84 billion, up 15% year-over-year. The revenue total beat a Street consensus estimate of $10.65 billion, according to data from Benzinga Pro. The company reported second-quarter non-GAAP earnings per share of $2.85, up 17% year-over-year. The total beat a Street consensus estimate of $2.81.
Qualcomm is guiding for third-quarter revenue to come in a range of $9.9 billion to $10.7 billion. Analysts expect $10.35 billion, according to data from Benzinga Pro. Qualcomm is guiding for third-quarter earnings per share in a range of $2.60 to $2.80 versus an analyst estimate of $2.67.
Qualcomm shares dipped 5.3% to $140.57 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
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