Shares of Qualcomm Inc. (QCOM) are up more than 11% on Thursday morning after reporting upbeat fourth-quarter results. The company also provided first quarter outlook, better than analysts' view.
Qualcomm reported net income of $2.798 billion or $2.45 per share in the fourth quarter, compared with $2.960 billion or $2.58 per share in the same quarter a year ago.
Excluding items, earnings were $2.55 per share, that beat the average estimate of analysts polled by Thomson Reuters at $2.26 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.