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Jim Cramer Says Own Qualcomm Stock

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Qualcomm  (QCOM)  earnings of $1.90 per share on revenue of $7.93 billion, a 52% year-over-year increase. Analysts were expecting earnings of $1.67 per share on revenue of $7.62 billion, according to FactSet.

"Demonstrating the strength of our strategy and our success in execution, we delivered another quarter of year-over-year growth driven by sustained demand for smartphones globally and our ability to increase the scale of our non-handset revenues,” said CEO Steve Mollenkopf.

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