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Qualcomm Exceeds Earnings Forecasts
Qualcomm reported fourth-quarter adjusted revenue of $10.44 billion, surpassing the expected $10.12 billion, and adjusted EPS of $2.17, slightly above the expected $2.16. For the full year, capital expenditures were $2.49 billion, exceeding the predicted $1.86 billion. First-quarter revenue is expected to be between $10.4 billion and $11.2 billion, with adjusted EPS projected to be between $2.15 and $2.35.