Qualcomm Inc. (QCOM) reported second quarter non-GAAP net income of $1.17 per share after the bell Wednesday, up from $1.01 per share last year. The consensus estimate was for EPS of $1.16. The company expects to report third quarter non-GAAP EPS of $0.97 to $1.05 and between $4.40 and $4.45 for the full year 2013. The consensus estimates are for EPS of $1.04 and $4.53. The stock is now down 3.18 on 2.9 million shares.
Qualcomm gapped open higher Wednesday, but was range-bound throughout the session. The stock closed up by 0.65 at $66.00. Qualcomm rose to over a 1-week high and re-crossed its 50-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.