Qualcomm Climbs 11% On Upbeat Results, Outlook Better Than Consensus

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.

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by RTTNews Staff Writer

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