UPDATE: Qualcomm Q3 Sales $10.93B Beat $10.87B Estimate

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.