Investing.com - Qualcomm reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Qualcomm announced earnings per share of $1.92 on revenue of $8.06B. Analysts polled by Investing.com anticipated EPS of $1.68 on revenue of $7.53B.
Qualcomm shares are down 6% from the beginning of the year , still down 15.22% from its 52 week high of $167.94 set on Wednesday, January 20, 2021. They are under-performing the Nasdaq which is up 14.54% year to date.
Qualcomm follows other major Information Technology sector earnings this month
Qualcomm's report follows an earnings beat by Apple on Tuesday, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.26B.
Microsoft had beat expectations on Tuesday with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.91 on revenue of $44.06B.
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