Qualcomm: Fiscal Q1 Earnings Snapshot

SAN DIEGO (AP) _ Qualcomm Inc. (QCOM) on Thursday reported fiscal first-quarter earnings of $2.24 billion.

The San Diego-based firm stated it had revenue of $1.98 per share. Earnings, adjusted for one-time positive factors and prices, had been $2.37 per share.

The outcomes exceeded Wall Road expectations. The common estimate of 10 analysts surveyed by Zacks Funding Analysis was for earnings of $2.35 per share.

The chipmaker posted income of $9.46 billion within the interval, which fell in need of Road forecasts. Eight analysts surveyed by Zacks anticipated $9.56 billion.

For the present quarter ending in March, Qualcomm expects its per-share earnings to vary from $2.05 to $2.25. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.18.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing information from Zacks Funding Analysis. Entry a Zacks stock report on QCOM at https://www.zacks.com/ap/QCOM