AI chipmaker Qualcomm (QCOM) reported fiscal first quarter adjusted earnings of $3.50 per share compared to an estimate of $3.41. Adjusted revenue was $12.25 billion versus an expectation of $12.2 billion. For the second quarter, the company forecasts revenue of $10.2 billion to $11.0 billion. Wall Street had been expecting $11.18 billion. Yahoo Finance breaks down the report.
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