Qualcomm Earnings, Income Beat in This autumn By Investing.com


© Reuters. Qualcomm earnings and sales in the fourth quarter

Investing.com – Qualcomm (NASDAQ 🙂 reported fourth quarter on Wednesday, which beat analysts’ forecasts and earnings exceeded expectations.

Qualcomm announced earnings per share of $ 2.55 on sales of $ 9.34 billion. Analysts polled by Investing.com expected earnings per share of $ 2.26 on sales of $ 8.84 billion.

Qualcomm stock is down 9% year-to-date, still 17.54% from its 52-week high of $ 167.94 on Jan. 20.

According to the report, Qualcomm shares rose 3.99% in after-hours trading.

Qualcomm follows gains from other major tech sectors this month

Qualcomm’s report follows Alphabet C’s bottom line on October 26, which posted earnings per share of $ 27.99 on sales of $ 65.12 billion.

Taiwan Semiconductor exceeded expectations on Oct. 14, with earnings per share of $ 1.07 on sales of $ 14.75 billion, compared with a forecast of $ 1.04 on sales of $ 14.81 billion .

Stay up to date on all upcoming earnings reports by visiting Investing.com’s Earnings Calendar

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