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Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference on May 2, 2022, in Beverly Hills, Calif.
Patrick T. Fallon | AFP | Getty Images
Qualcomm reported second-quarter earnings on Wednesday that were in line with analyst expectations, but sales from handset chips, a core business for the company, declined 17% from a year earlier.
Qualcomm shares fell over 4% in extended trading.
Here’s how the chipmaker did versus Refinitiv consensus estimates:
- EPS: $2.15 per share adjusted vs. $2.15 per share expected
- Revenue: $9.28 billion vs. $9.1 billion expected
Net income during the quarter ended in March fell 42% to $1.70 billion, or $1.52 per share, from…
Source cnbc.com
