Qualcomm Inc. Q3 adjusted earnings Beat Estimates

Qualcomm Inc. (QCOM) released a profit for its third quarter that advanced from last year.

The company's profit came in at $2.03 billion, or $1.77 per share. This compares with $0.85 billion, or $0.74 per share, in last year's third quarter.

Excluding items, Qualcomm Inc. reported adjusted earnings of $2.20 billion or $1.92 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 64.8% to $8.06 billion from $4.89 billion last year.

Qualcomm Inc. earnings at a glance:

-Earnings (Q3): $2.20 Bln. vs. $0.98 Bln. last year.
-EPS (Q3): $1.92 vs. $0.86 last year.
-Analysts Estimate: $1.67
-Revenue (Q3): $8.06 Bln vs. $4.89 Bln last year.

Next quarter EPS guidance: $2.15 - $2.35
Next quarter revenue guidance: $8.4 - $9.2 Bln

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