QUALCOMM Inc. (QCOM) reported first quarter adjusted net income of $0.97 per share after the bell Wednesday, compared to $0.82 per share in the previous year. The consensus estimate was for EPS of $0.90. The company expects to report second quarter adjusted EPS of $0.91 to $0.97 and between $3.55 and $3.75 for the full year. The consensus estimates are for EPS of $0.89 and $3.59.
QUALCOMM gapped open higher Thursday, but was range-bound for the majority of the session. The stock closed up by 1.17 at $60.73, with volume at a 3-month high. QUALCOMM has been climbing for over 5 weeks and set a new high for the year.
For comments and feedback: editorial@rttnews.com