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Qualcomm stock rises following slight earnings beat

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Qualcomm Inc. shares rose in the extended session Thursday after the chip maker beat Wall Street expectations slightly on earnings.

Qualcomm Inc. shares rose in the extended session Thursday after the chip maker slightly beat Wall Street expectations on earnings, and projected confidence amid an outlook that fell just short of the consensus.

Qualcomm QCOM shares rose 3% after hours, following a 1.9% decline in the regular session to close at $135.85. Analysts surveyed by FactSet had forecast $2.36 a share on revenue of $9.6 billion, based on Qualcomm’s forecast of $2.25 to $2.45 a share on revenue of $9.2 billion to $10 billion.

 

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