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Qualcomm Shares Gain Premarket On $10B Share Buyback Program

  • Qualcomm Inc’s (NASDAQ: QCOMboard approved a new $10 billion share buyback program.
  • The new stock repurchase authorization adds to the July 2018 share buyback program, with $0.9 billion of repurchase authority remaining.
  • Qualcomm generated $3.4 billion in operating cash flow and held $12.9 billion in cash and equivalents as of June 27.
  • Price Action: QCOM shares traded higher by 2.22% at $125.68 in the premarket session on the last check Wednesday.

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