© Reuters. Qualcomm Earnings, Revenue Beat in Q3
Investing.com – Qualcomm (NASDAQ:) reported on Wednesday third quarter that beat analysts’ forecasts and revenue that topped expectations.
Qualcomm announced earnings per share of $1.92 on revenue of $8.06B. Analysts polled by Investing.com anticipated EPS of $1.68 on revenue of $7.53B.
Qualcomm shares are down 6% from the beginning of the year, still down 15.22% from its 52 week high of $167.94 set on January 20. They are under-performing the Nasdaq which is up 14.54% from the start of the year.
Qualcomm follows other major Information Technology sector earnings this month
Qualcomm’s report follows an earnings beat by Apple on Tuesday, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.26B.
Microsoft had beat expectations on Tuesday with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.91 on revenue of $44.06B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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