Investing.com - Qualcomm reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Qualcomm announced earnings per share of $2.55 on revenue of $9.34B. Analysts polled by Investing.com anticipated EPS of $2.26 on revenue of $8.84B.
Qualcomm shares are down 9% from the beginning of the year , still down 17.54% from its 52 week high of $167.94 set on Wednesday, January 20, 2021. They are under-performing the Nasdaq which is up 22.68% year to date.
Qualcomm shares gained 3.99% in after-hours trade the report.
Qualcomm follows other major Technology sector earnings this month
Qualcomm's report follows an earnings beat by Alphabet C on Tuesday, October 26, 2021, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on Thursday, October 14, 2021 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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