Company news: Qualcomm's (QCOM) quarterly results beat analysts’ expectations

Qualcomm (QCOM) reported Q2 FY2024 earnings of $2.44 per share (versus $2.15 per share in Q2 FY2023), beating analysts’ consensus estimate of $2.33 per share.

The company’s quarterly revenues amounted to $9.386 bln (+0.9% y/y), beating analysts’ consensus estimate of $9.353 bln.

The company also issued guidance for Q3 FY2024, seeing EPS of $2.15-$2.35 versus analysts’ consensus estimate of $2.18 and revenues of $8.8-$9.6 bln versus analysts’ consensus estimate of $9.06 bln.

QCOM rose to $172.27 (+4.97%) in pre-market trading.

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