Earnings

Qualcomm (QCOM) earnings Q3 2021

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Qualcomm shares rose over 3% in extended trading on Wednesday after the chipmaker reported third fiscal-quarter earnings that exceeded analyst estimates and offered a strong forecast for the fourth quarter.

Here’s how the company did:

  • EPS: $1.92 per share, adjusted, vs. $1.68 per share as expected by analysts, according to Refinitiv.
  • Revenue: $8.00 billion, adjusted, vs. $7.58 billion as expected by analysts, according to Refinitiv.

Qualcomm revenue was up 63% from the same period last year, and earnings per share more than doubled annually in the quarter that ended on June 27. However, that’s a comparison to a quarter where Qualcomm saw less demand for its chips and technology amid the…



Source cnbc.com

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