Qualcomm (QCOM) reported Q2 FY2024 earnings of $2.44 per share (versus $2.15 per share in Q2 FY2023), beating analysts’ consensus estimate of $2.33 per share.
The company’s quarterly revenues amounted to $9.386 bln (+0.9% y/y), beating analysts’ consensus estimate of $9.353 bln.
The company also issued guidance for Q3 FY2024, seeing EPS of $2.15-$2.35 versus analysts’ consensus estimate of $2.18 and revenues of $8.8-$9.6 bln versus analysts’ consensus estimate of $9.06 bln.
QCOM rose to $172.27 (+4.97%) in pre-market trading.