Qualcomm pops 10% on chipmaker's earnings and revenue beat

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Qualcomm pops 10% on chipmaker's earnings and revenue beat
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Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and guided to a strong December quarter.

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reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter.Here's how the company did versus Refinitiv consensus expectations for the quarter ending Sept. 29:Qualcomm said it expects revenue in the current quarter of between $10.5 billion and $11.3 billion, with the midpoint of that range beating LSEG consensus expectations of $10.59 billion.

Under CEO Cristiano Amon, the company has diversified away from being a smartphone supplier and has introduced and invested heavily in producing chips for PCs, cars, and industrial machines.

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