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.
Qualcomm gapped open sharply lower Thursday and is now down 3.81 at $62.19 on above average volume. The stock has dropped to a 3-month low and has fallen below its 200-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.