Investing.com – Qualcomm (NASDAQ:) reported fourth quarter that beat analysts’ expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.78 on revenue of $4.81B. Analysts polled by Investing.com expected EPS of $0.71 on revenue of $4.75B. That compared to EPS of $0.9 on revenue of $5.83B in the same period a year earlier. The company had reported EPS of $0.8 on revenue of $4.89B in the previous quarter.
Qualcomm shares gained 6.17% to trade at $89.89 in after-hours trade following the report.
Qualcomm follows other major Technology sector earnings this month
On October 30, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $63.01B.
Microsoft earnings beat analysts’ expectations on October 23, with first quarter EPS of $1.38 on revenue of $33.06B. Investing.com analysts expected EPS of $1.25 on revenue of $32.15B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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