Qualcomm (NASDAQ:QCOM) reported second quarter earnings that Beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.77 on revenue of $4.9B. Analysts polled by forecast EPS of $0.7 on revenue of $4.8B. That compared to EPS of $0.8 on revenue of $5.23B in the same period a year earlier. The company had reported EPS of $1.2 on revenue of $4.82B in the previous quarter.
Qualcomm shares gained 1.04% to trade at $87.27 in after-hours trade following the report.
Qualcomm follows other major Technology sector earnings this month
On April 24, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Apple earnings Beat analysts' expectations on Tuesday, with second quarter EPS of $2.46 on revenue of $58.02B. analysts expected EPS of $2.37 on revenue of $57.58B
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