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The Marked Chart Wire · Business
HotQualcomm
Qualcomm shares fell 9 percent after the company issued fiscal first-quarter EPS guidance of $2.15 to $2.35, missing the $2.32 consensus. Revenue guidance of $10.4 billion to $11.2 billion exceeded expectations, but handset sales declined 26 percent due to rising costs.
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HotSpaceX
SpaceX has partnered with Qualcomm to develop the 5G infrastructure for Starlink Mobile. The move positions the service to compete with major US wireless carriers.
HotQualcomm
Qualcomm is implementing price increases across its product lines to reflect rising semiconductor input costs, according to a company presentation.
HotQualcomm
Qualcomm reported fourth-quarter adjusted revenue of $10.44 billion, exceeding the $10.12 billion estimate. Adjusted earnings per share came in at $2.17, slightly above the $2.16 forecast.
SpaceX
SpaceX plans to deploy Qualcomm 5G equipment across up to 80,000 US cell sites starting in 2027. The arrangement pairs ground-based infrastructure with Starlink satellite links as the company expands its wireless operations.
HotArm Holdings
UBS cut its price target for Arm Holdings from $320 to $270.
Wonder Group IPO
The restaurant-tech firm behind Grubhub and Blue Apron submitted a draft S-1 to the SEC. Pricing and share count are undetermined, and the company plans to use proceeds for growth and acquisitions.
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