Shares of Qualcomm rose more than 2 percent percent in extended trading on Wednesday after the chipmaker issued positive second-quarter forecast.
The semiconductor company said it expects adjusted second-quarter earnings per share between 65 cents and 75 cents on revenue between $4.4 billion to $5.2 billion. Wall Street had forecast earnings of 68 cents per share on revenue of $4.8 billion.
For the fiscal first quarter, Qualcomm reported better-than-expected earnings, but revenue fell short.
Here's how the company did compared with what Wall Street expected:
- Earnings per share: $1.20, vs. $1.09, forecast by Refinitiv
- Revenue: $4.82 billion, vs. $4.9 billion, forecast by Refinitiv
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from Top News & Analysis https://cnb.cx/2HGMVuI
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