Qualcomm (QCOM) will open higher in morning trade after posting fiscal Q4 results. In the quarter, the firm posted revenue growing by 18.1% Y/Y to $10.24 billion. The guidance is even stronger than analyst predictions.
Qualcomm expects revenue of up to $11.3 billion. Its EPS forecast for Q1/2025 is $2.85 - $3.05. The firm is thriving in the handset market, where revenue rose by 12% Y/Y.
Automotive sales increased by 68% to $899 million. QCOM stock had a 52-week high of $230. After it opens at around $185, the stock has plenty of upside from here.
Match (MTCH), a dating site, posted an EPS of $0.51. Revenue of $895.5 million is up by 1.6% Y/Y. In Q4, total revenue will not meet expectations. The flat growth is troubling, as Tinder and its other brands struggle. Bumble (BMBL), a rival, is also struggling. The firm lost $5.11 a share after revenue fell by 0.7% Y/Y to $273.61 million.
Hubspot (HUBS) will rally today after posting a 20.1% Y/Y revenue growth of $669.72 million. The firm is a potential buyout target, with Alphabet (GOOG) as the buyer.
Lyft (LYFT) will rise by 20% this morning. The firm posted Q3 results that met expectations. It raised its current quarter guidance, too. Gross bookings will grow by 15% to 17% Y/Y.
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