
Semiconductor company Qualcomm Inc (NASDAQ:QCOM) reported third-quarter results after the market close Wednesday. Here are the key highlights and exclusive comments from Chief Financial Officer Akash Palkhiwala.
What Happened: Qualcomm reported third-quarter revenue of $10.9 billion, up 37% year-over-year. Revenue came in at the midrange of the company’s forecast of $10.5 billion to $11.3 billion.