It's Time Investors Give Qualcomm Stock a Little 'Respect'

Qualcomm (QCOM) stock ticked lower yesterday after the bell despite delivering a solid fiscal third-quarter earnings beat. Despite since bouncing back today, this dip highlights what analysts say is a persistent lack of "respect" for the semiconductor giant that investors should reconsider.

The wireless technology leader reported fiscal third-quarter revenue of $10.4 billion, topping analyst estimates of $10.34 billion with a 10% year-over-year increase. Non-GAAP earnings per share of $2.77 exceeded forecasts by 2.2%, yet the market's lukewarm response underscores ongoing skepticism about the company's prospects.