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Investing.com - Qualcomm reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Qualcomm announced earnings per share of $3.23 on revenue of $10.7B. Analysts polled by Investing.com EPS of $3 on revenue of $10.44B.
Qualcomm 's are up 2% and is trading at $183.75 , still down 2.78% from its 52 week high of $193.58 set on Wednesday, January 5, 2022.
Qualcomm shares lost 2.36% to trade at $183.75 in after-hours trade the report.
Qualcomm follows other major Information Technology sector earnings this month
Qualcomm's report follows an earnings beat by Apple on Thursday, January 27, 2022, who reported EPS of $2.1 on revenue of $123.95B, EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, for EPS of $2.32 on revenue of $50.71B.
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