Qualcomm announced earnings per share of $0.86 on revenue of $4.89B. Analysts polled by Investing.com anticipated EPS of $0.7 on revenue of $4.81B.
Qualcomm shares are up 5% from the beginning of the year , still down 2.87% from its 52 week high of $96.17 set on January 17. They are outperforming the S&P 500 which is up 0.86% from the start of the year.
Qualcomm shares gained 4.91% in after-hours trade following the report.
Qualcomm’s report follows an earnings beat by Microsoft on July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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