Qualcomm (QCOM) earnings report Q2 2023


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

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