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Qualcomm Earnings, Revenue Beat in Q4 -Breaking

by Mike Robinson

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© Reuters. In Q4, Qualcomm beats Revenue and Earnings

Qualcomm (NASDAQ:), Investing.com, reported that Wednesday’s fourth quarter exceeded analysts’ expectations and generated revenue above all expectations.

Qualcomm posted earnings per share (EPS) of $2.55 for revenue $9.34B. Investing.com polled analyst to predict EPS of 2.26 on revenues of $8.84B.

Qualcomm shares fell 9% over the first of the year but are still below 17.54% of its 52-week peak of $167.94, set on January 20, 2017. They have been outperforming Nasdaq by 22.68%, but are still below its 52-week high of $167.94 set on January 20.

After-hours trading for Qualcomm shares rose 3.99% following the release.

Qualcomm reports on other important earnings in the technology sector for this month

The report by Qualcomm follows an earnings beat of Alphabet C, which reported EPS at $27.99 for revenue $65.12B. This compares to the forecasts of EPS at $23.83 for revenue $63.53B.

Taiwan Semiconductor beat all expectations with a third quarter earnings per share of $1.07 on $14.75B revenue, as compared to $1.04 forecast on $14.81B revenue.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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