Qualcomm Reports Stronger-than-Expected Q2 Earnings, Stock Rises Over 10%
Qualcomm (QCOM) reported better-than-expected Q2 earnings, with EPS of $2.65 and revenue of $10.59 billion, surpassing analyst estimates. However, the company missed on Q3 revenue guidance, projecting $9.2 billion to $10 billion compared to analyst expectations of $10.23 billion. The stock rose over 10% in premarket trading following the report.
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Topics: Corporate Performance Earnings Revenue Guidance Smartphone Market Stock Price Movement