Qualcomm (NASDAQ:QCOM) reported quarterly earnings of $2.96 per share which beat the analyst consensus estimate of $2.87 by 3.14 percent. This is a 54.17 percent increase over earnings of $1.92 per share from the same period last year. The company reported quarterly sales of $10.93 billion which beat the analyst consensus estimate of $10.87 billion by 0.53 percent. This is a 36.69 percent increase over sales of $8.00 billion the same period last year.
Nasdaq 100 Eyes Record High Close, Fifth Positive Week As Traders Flock To AI-Linked Stocks: What’s Driving Markets Friday?
Technology stocks surged on Friday, rebounding sharply after Thursday’s decline, as investor confidence in the artificial intelligence-driven rally remained high.
