Qualcomm: Fiscal Q2 Earnings Snapshot
By AP News
Published - May 03, 2023, 05:06 PM ET
Last Updated - Jun 21, 2023, 11:13 PM EDT
SAN DIEGO (AP) — SAN DIEGO (AP) — Qualcomm Inc. (QCOM) on Wednesday reported fiscal second-quarter profit of $1.7 billion.
The San Diego-based company said it had net income of $1.52 per share. Earnings, adjusted for one-time gains and costs, were $2.15 per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.
The chipmaker posted revenue of $9.28 billion in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $9.08 billion.
