Qualcomm Earnings, Revenue Beat in Q2
2022.04.27 23:36
Qualcomm Earnings, Revenue Beat in Q2
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, still down 30.21% from its 52 week high of $193.58 set on January 5. They are under-performing the S&P 500 which is down 12.22% from the start of the year.
Qualcomm shares gained 3.69% in after-hours trade following 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 April 14 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
