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