Investing.com - Qualcomm reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Qualcomm announced earnings per share of $2.96 on revenue of $10.93B. Analysts polled by Investing.com EPS of $2.89 on revenue of $10.87B.
Qualcomm 's are down 16% and is trading at $147.00 , still down 20.75% from its 52 week high of $193.58 set on Wednesday, January 5, 2022.
Qualcomm shares lost 4.18% to trade at $147.00 in after-hours trade the report.
Qualcomm follows other major Information Technology sector earnings this month
Qualcomm's report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, for EPS of $1.74 on revenue of $7.06B.
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