Qualcomm Beats Q2 Expectations
Qualcomm beats expectations in its Q2 earnings.
Qualcomm
(QCOM) - Get Report reported fiscal second-quarter earnings of $1.34 per share, above analysts expectations of $1.19.
Revenue came in at $5.99 billion, compared to the consensus estimate of $5.89 billion.
During the same quarter last year, revenue stood at $5.54 billion.
Q3 earnings guidance ranges between $0.90 to $1.15 a share, vs. estimates of $1.09. The company is currently being sued by Apple AAPL.
Qualcomm's acquisition of NXP Semiconductors NXPI is still pending.
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