Qualcomm (QCOM) reported fiscal third quarter results that topped analyst estimates on both the top and bottom lines. Adjusted earnings of $2.33 per share topped expectations of $2.24 while revenue of $9.39 billion was better than the expected $9.21 billion.
The chip giant also issued better-than-expected Q4 guidance, forecasting revenue of $9.5 billion to $10.3 billion. The Street was looking for $9.7 billion. For adjusted earnings, Qualcomm sees $2.45 to $2.65 per share versus a $2.45 estimate.
Market Domination Overtime anchors Julie Hyman and Jared Blikre break down Qualcomm’s results.
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