Investing.com - Qualcomm (NASDAQ:QCOM) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Qualcomm announced earnings per share of $3.21 on revenue of $11.16B. Analysts polled by Investing.com anticipated EPS of $2.95 on revenue of $10.63B.
Qualcomm shares are down 26% from the beginning of the year and are trading at $140.88 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 20.32% from the start of the year.
Qualcomm shares gained 4.28% in after-hours trade the report.
Qualcomm follows other major Information Technology sector earnings this month
Qualcomm's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
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