Investing.com - Qualcomm (NASDAQ:QCOM) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.8 on revenue of $9.64B. Analysts polled by Investing.com forecast EPS of $0.76 on revenue of $5.09B. That compared to EPS of $1.01 on revenue of $5.63B in the same period a year earlier. The company had reported EPS of $0.77 on revenue of $4.88B in the previous quarter.
Qualcomm shares lost 2.82% to trade at $71.10 in after-hours trade following the report.
Qualcomm shares lost 2.82% to trade at $71.10 in after-hours trade following the report.
For the year, Qualcomm shares are up 28.55%, outperforming the Nasdaq 100 which is up 26.62% year to date.
Qualcomm follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Apple earnings beat analyst's expectations on Tuesday, with third quarter EPS of $2.18 on revenue of $53.81B. Investing.com analysts expected EPS of $2.09 on revenue of $53.3B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar