Investing.com - Qualcomm (NASDAQ:QCOM) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Qualcomm announced earnings per share of $0.86 on revenue of $4.89B. Analysts polled by Investing.com anticipated EPS of $0.7 on revenue of $4.81B.
Qualcomm shares are up 5% from the beginning of the year and are trading at $98.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.86% from the start of the year.
Qualcomm shares gained 4.91% in after-hours trade following the report.
Qualcomm follows other major Technology sector earnings this month
Qualcomm's report follows an earnings beat by Microsoft on Wednesday, July 22, 2020, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
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