Qualcomm stock spikes after licensing business propels earnings and revenue past estimates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Qualcomm said in its release the strong profit was primarily due to its licensing business, which will continue to benefit in the move to 5G.

and entered into a royalty agreement with Huawei over wireless patents and chips. Payments stemming from the settlement and agreement have contributed to its licensing business.

The company said fourth quarter and fiscal 2018 revenue included $100 million and $600 million, respectively, from "an interim agreement with Huawei."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines