Company News: Qualcomm (QCOM) quarterly results beat analysts’ expectations

Market news

29 July 2021

Company News: Qualcomm (QCOM) quarterly results beat analysts’ expectations

Qualcomm (QCOM) reported Q3 FY 2021 earnings of $1.92 per share (versus $0.86 per share in Q3 FY 2020), beating analysts’ consensus estimate of $1.68 per share.

The company’s quarterly revenues amounted to $7.995 bln (+63.5% y/y), beating analysts’ consensus estimate of $7.563 bln.

QCOM rose to $146.01 (+2.51%) in pre-market trading.

AUD/USD could still drop to the 0.7230 region - Commerzbank

NZD/USD expected to keep the consolidation unchanged - UOB

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