© Reuters. Qualcomm Earnings, Revenue Beat in Q1
Investing.com – Qualcomm (NASDAQ:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Qualcomm announced earnings per share of $3.23 on revenue of $10.7B. Analysts polled by Investing.com anticipated EPS of $3 on revenue of $10.44B.
Qualcomm shares are up 2% from the beginning of the year, still down 2.78% from its 52 week high of $193.58 set on January 5. They are outperforming the which is down 7.23% from the start of the year.
Qualcomm shares lost 2.36% in after-hours trade following the report.
Qualcomm follows other major Information Technology sector earnings this month
Qualcomm’s report follows an earnings beat by Apple on January 27, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on January 25 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.71B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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