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Qualcomm Inc. Q2 adjusted earnings Beat Estimates

Qualcomm Inc. (QCOM) reported a profit for its second quarter that climbed from last year.

The company's earnings came in at $1.76 billion, or $1.53 per share. This compares with $0.47 billion, or $0.41 per share, in last year's second quarter.

Excluding items, Qualcomm Inc. reported adjusted earnings of $2.19 billion or $1.90 per share for the period.

Analysts had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 52.1% to $7.94 billion from $5.22 billion last year.

Qualcomm Inc. earnings at a glance:

-Earnings (Q2): $2.19 Bln. vs. $1.02 Bln. last year.
-EPS (Q2): $1.90 vs. $0.88 last year.
-Analysts Estimate: $1.67
-Revenue (Q2): $7.94 Bln vs. $5.22 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.55 - $1.75
Next quarter revenue guidance: $7.1 - $7.9 Bln

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