Investing.com – Qualcomm (NASDAQ:) reported on Wednesday fourth quarter that missed analysts’ forecasts and revenue that topped expectations.
Qualcomm announced earnings per share of $3.13 on revenue of $11.39B. Analysts polled by Investing.com anticipated EPS of $3.15 on revenue of $11.35B.
Qualcomm shares are down 38% from the beginning of the year, still down 41.88% from its 52 week high of $193.58 set on January 5.
Qualcomm follows other major Information Technology sector earnings this month
Qualcomm’s report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
Story Credit: investing.com