Shares of Qualcomm Inc. broke a streak of post-quarterly-results losses late Wednesday, as the chip maker gave investors a reason to stay positive about the current quarter.
Qualcomm earned $1.49 billion, or $1.32 a share, in the quarter, compared with $2.87 billion, or $2.54 a share, in the year-ago quarter. Adjusted for one-time items, Qualcomm earned $2.02 a share.Analysts polled by FactSet expected adjusted earnings of $1.91 a share on revenue of $8.5 billion. Qualcomm stock had declined after each of the company’s past five earnings reports, including a 8.2% drop after the most recent quarterly update.
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Qualcomm earnings: What to expect from the chip makerQualcomm is due to report earnings after Wednesday’s closing bell
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Qualcomm beats expectations for earnings and sales, gives strong forecast for current quarterAt the midpoint of Qualcomm’s guidance, revenue will grow slightly during the current quarter compared to last year.
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Qualcomm beats expectations for earnings and sales, gives strong forecast for current quarterAt the midpoint of Qualcomm’s guidance, revenue will grow slightly during the current quarter compared to last year.
ادامه مطلب »