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Qualcomm Tops Wall Street Expectations

November 7, 2018

Qualcomm reported results for its fiscal fourth quarter and year ended September 30, 2018. Not counting certain items, Qualcomm earned 90 cents per share, which was more than the 83 cents per share that was expected. Revenue was down to $5.80 billion, but more than the $5.52 billion which investors sought. Qualcomm's loss came in at $493 million, that is in contrast with a profit of $168 million last year.

“We delivered a strong quarter, with Non-GAAP earnings per share above the high end of our prior expectations, on greater than expected chipset demand in QCT and lower operating expenses,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We are executing well on our strategic objectives, including driving the commercialization of 5G globally in 2019 and returning significant capital to our stockholders.”

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