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QUALCOMM (QCOM) Reports Q3 Revenue Of US$10 Billion With Increased Earnings
QUALCOMM (QCOM) recently announced strong third-quarter earnings, with revenue increasing to $10,365 million and net income rising to $2,666 million year-over-year. This financial performance was accompanied by a shareholder-friendly move as Qualcomm declared a quarterly dividend of $0.
Qualcomm Q3 Earnings: Double Beat, Auto Revenue Hits Record
What Happened: Qualcomm reported third-quarter revenue of $10.365 billion, up 10% year-over-year. The revenue beat a Street consensus estimate of $10.333 billion according to data from Benzinga Pro. The company reported quarterly earnings per share of $2.77, beating a Street consensus estimate of $2.71.
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