Qualcomm (QCOM), our firm’s third-largest client portfolio holding, reported exceptional earnings yesterday, and exceeded analysts’ estimates!
Here’s how the company did:
- EARNINGS: $1.90 per share, adjusted, vs. $1.67 per share, expected by analysts.
- REVENUE: $7.93 billion vs. $7.62 billion as expected by analysts.
Qualcomm’s revenue grew at a 52% annualized rate, despite facing setbacks due to COVID-19 supply shortages in semiconductor chips.This is excellent news for our client’s portfolios! Onward and upward!
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