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Benzinga
Benzinga
Business
Adam Eckert

Qualcomm Shares Are Rising: Here's Why

Qualcomm Nasdaq QCOM Qualcomm Inc

Qualcomm Inc (NASDAQ:QCOM) shares are trading higher Thursday after the company reported better-than-expected financial results and issued guidance above analyst estimates. 

Qualcomm reported fiscal second-quarter revenue of $11.16 billion, which beat the $10.6 billion estimate. The company reported quarterly adjusted earnings of $3.21 per share, which beat the estimate of $2.91 per share. 

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