
According to Benzinga Pro data Qualcomm (NASDAQ:QCOM) posted a 13.68% decrease in earnings from Q1. Sales, however, increased by 4.31% over the previous quarter to $11.16 billion. Despite the increase in sales this quarter, the decrease in earnings may suggest Qualcomm is not utilizing their capital as effectively as possible. In Q1, Qualcomm earned $3.40 billion and total sales reached $10.70 billion.