Qualcomm Announced Earnings of 73 Cents

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(Best Syndication News) Qualcomm announced earnings in-line with what analysts expected Wednesday.

QUALCOMM, Inc. (NASDAQ:QCOM) said their Q3 EPS was $0.73. Analysts had expected 71 cents with a high of $0.76 and low of $0.68. Their GAAP EPS was $0.61 and Non-GAAP EPS was $0.73.

Their revenue was $3.62 billion. Analysts had expected that number to be between $3.42 billion and $3.76 billion. The company hit the upper end of the range with an average of $3.59 billion.

Net income was up 35 percent y-o-y and operating income was 25 percent higher.

Qualcomm also raised their guidance to $0.77 or $0.78 EPS rather than $0.76.

QCOM has a market capitalization of 95.66 billion and a beta of 0.95.

By: Dan Wilson

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