Investing.com - Qualcomm 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 EPS of $0.7 on revenue of $4.81B.
Qualcomm 's are up 5% and is trading at $98.00 , still down 2.87% from its 52 week high of $96.17 set on Friday, January 17, 2020.
Qualcomm shares gained 4.91% to trade at $98.00 in after-hours trade 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, 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, for EPS of $0.72 on revenue of $10.38B.
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