Qualcomm (QCOM) Stock: CEO Dumps $25M as Price Falls Despite Revenue Beat

TLDR Qualcomm shares dropped 4.2% to $166.75 on Monday despite reporting Q4 earnings that beat analyst expectations with $3.00 EPS versus $2.87 consensus and $11.27 billion in revenue. CEO Cristiano Amon sold 150,000 shares worth $24.8 million in October, reducing his position by over 50%, while the company announced a $0.89 quarterly dividend. Analysts raised [...]

The post Qualcomm (QCOM) Stock: CEO Dumps $25M as Price Falls Despite Revenue Beat appeared first on Blockonomi.