00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Qualcomm reported a fiscal fourth quarter loss due to a large tax charge
00:06would achieve a 10% rise in sales, according to the Wall Street Journal.
00:09Chipmaker reported a quarterly loss of $3.12 billion, or $2.89 per share,
00:15compared with a $2.92 billion profit, or $2.59 per share a year earlier.
00:20Qualcomm took a $5.7 billion non-cash charge tied to the One Big Beautiful Bill Act
00:24to account for future corporate alternative minimum tax obligations starting in fiscal 2026.
00:30The company forecasts first quarter revenue of $11.8 billion to $12.6 billion,
00:34and adjusted earnings of $3.30 to $3.50 per share, above Wall Street estimates.
00:40For all things money, visit Benzinga.com.
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