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Investing.com - Qualcomm 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 EPS of $2.95 on revenue of $10.63B.
Qualcomm 's are down 26% and is trading at $140.08 , still down 30.21% from its 52 week high of $193.58 set on Wednesday, January 5, 2022.
Qualcomm shares gained 3.69% to trade at $140.08 in after-hours trade 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, EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of $1.35 on revenue of $16.94B, for EPS of $1.27 on revenue of $16.73B.
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