Investing.com – Qualcomm (NASDAQ:) reported on Wednesday first quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Qualcomm announced earnings per share of $2.17 on revenue of $8.23B. Analysts polled by Investing.com anticipated EPS of $2.1 on revenue of $8.24B.
Qualcomm shares are up 6% from the beginning of the year, still down 3.29% from its 52 week high of $167.94 set on January 20. They are broadly in line with the Nasdaq which is up 5.6% from the start of the year.
Qualcomm shares lost 6.99% in after-hours trade following the report.
Qualcomm follows other major Technology sector earnings this month
Qualcomm’s report follows an earnings beat by Apple on January 27, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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