Qualcomm pops on chipmaker's earnings and revenue beat

reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter.: $10.24 billion versus $9.90 billion expected

Qualcomm's fortunes have historically been tied to the smartphone industry, where the company provides a range of chips to handset makers, including system-on-a-chip processors, modems, and antennas. The company makes the chip at the heart of most high-end Android devices, and many lower-end phones as well. Qualcomm also sells modems and related chips toQualcomm reported a 12% increase in handset chip sales to $6.1 billion, in line with FactSet estimates.

"We will continue to transform Qualcomm from a wireless communications company into a connected computing company for the age of AI," Qualcomm CEO Cristiano Amon said on an earnings call with analysts.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

McDonald's and Boeing: The two stocks Wall Street will keep an eye on WednesdayFrank Holland breaks down what traders are watching ahead of the new session.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Breitbart Business Digest: Wall Street Sides with Harris, Main Street Sides with TrumpSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Источник: BreitbartNews - 🏆 610. / 51 Прочитайте больше »