Qualcomm narrowly beats Q3 expectations
Qualcomm just scratched past Wall Street expectations, but the wireless technology developer still posted solid earnings for the third fiscal quarter of 2011.
Qualcomm reported third-quarter earnings of $1 billion, or 61 cents a share, in a statement released today. Non-GAAP earnings were 73 cents a share on a revenue of $3.62 billion. Wall Street was expecting earnings of 71 cents a share on revenue of $3.6 billion.
The San Diego-based company's CEO and chairman, Paul E. Jacobs, said in a statement:
Qualcomm delivered strong year-over-year results again this quarter as our business performed well across all … Read more