Qualcomm stock jumps more than 5% after earnings, forecast easily beat projections

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Earnings Results

Last Updated: Nov. 3, 2021 astatine 4:24 p.m. ET First Published: Nov. 3, 2021 astatine 4:19 p.m. ET

Mobile-chip specializer wraps up twelvemonth of 5G-fueled maturation with grounds yearly nett of much than $9 cardinal and gross of much than $33 cardinal

Qualcomm Inc. wrapped a fiscal twelvemonth that saw nett and income spike to records with an net bushed Wednesday and a prediction of much maturation to come.

Qualcomm QCOM reported fiscal fourth-quarter net of $2.8 billion, oregon $2.45 a share, connected income of $9.34 billion, up from $6.5 cardinal a twelvemonth ago. After adjusting for share-based compensation and different items, the spot shaper reported net of $2.55 a share, up from $1.45 a stock a twelvemonth ago.

Analysts...

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