TECH - Qualcomm Q1 Earnings Highlights: Revenue Beat EPS Beat Q2 Guidance And More | Benzinga
Technology company Qualcomm Incorporated (NASDAQ:QCOM) reported first-quarter financial results after the market close Wednesday.
Here are the key highlights.
What Happened: Qualcomm reported first-quarter revenue of $9.94 billion, which was up 5% year-over-year. The revenue total beat a Street consensus estimate of $9.52 billion, according to data from Benzinga Pro.
Revenue also came in ahead of previous company guidance of a range of $9.1 billion to $9.9 billion.
The company reported adjusted earnings per share of $2.75, which was up 16% year-over-year. The earnings per share beat a Street estimate of $2.37. Earning per share were also ahead of a prior guidance range of $2.25 to ...