Qualcomm Q1 Earnings Highlights: Revenue Beat, EPS Beat, Q2 Guidance And More

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Benzinga

Technology company Qualcomm Incorporated (NASDAQ:QCOM) reported first-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Qualcomm reported first-quarter revenue of $9.94 billion, which was up 5% year-over-year. The revenue total beat a Street consensus estimate of $9.52 billion, according to data from Benzinga Pro. Revenue also came in ahead of previous company guidance of a range of $9.1 billion to $9.9 billion. The company reported adjusted earnings per share of $2.75, which was up 16% year-over-year. The earnings per share beat a Street e…

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