Qualcomm Stock Rises on Strong Earnings – Barrons

Qualcomm shares are rising in late trading Wednesday after the provider of mobile phone chips posted better-than-expected quarterly results and offered strong guidance for its current quarter, driven by strong smartphone demand.

For the fiscal fourth quarter ended Sept 26, Qualcomm (ticker: QCOM) reported revenue of $9.26 billion, up 43% from a year ago. That’s above the company’s guidance range of $8.4 billion to $9.2 billion and the Wall Street consensus forecast of $8.86 billion.

Adjusted…

Related Posts