QCOM - Qualcomm EPS beats by $0.07 misses on revenue

Qualcomm (QCOM): FQ1 Non-GAAP EPS of $2.17 beats by $0.07; GAAP EPS of $2.12 beats by $0.30.Revenue of $8.24B (+62.2% Y/Y) misses by $20M.Q2 Guidance:“We delivered an exceptional quarter, more than doubling earnings year-over-year due to strong 5G demand in handsets and growth in our RF front-end, automotive and IoT adjacencies, which drove record earnings in our chip business,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We remain well positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries.”Shares -5.73%.Press Release

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Qualcomm EPS beats by $0.07, misses on revenue