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Qualcomm Reports Fourth-Quarter Earnings Exceeding Expectations
Qualcomm reported its fourth-quarter earnings with an adjusted revenue of $10.44 billion and an adjusted EPS of $2.17, surpassing the forecasted $10.12 billion and $2.16, respectively. For the full year, capital expenditures were $2.49 billion, exceeding the expected $1.86 billion. The company projects first-quarter revenue to range from $10.4 billion to $11.2 billion and adjusted EPS between $2.15 and $2.35.