Qualcomm (NASDAQ: QCOM) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The semiconductor manufacturer reported first-quarter revenue of $8.24 billion, up 62% year-over-year, but slightly below the Wall Street projection. Net income of $2.17 per share was, meanwhile, higher than what analysts had anticipated.
QCOM shares fell over 8% immediately following the announcement. The stock has rallied 88% in the trailing twelve months.
CEO Steve Mollenkopf said in a statement, “We remain well-positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries.”
Notably, starting this quarter, the semiconductor firm has stopped reporting MSM chip shipments figure.
Payment solutions provider Square, Inc. (NYSE: SQ) Tuesday reported strong increase in fourth-quarter revenues and earnings. The results also topped the Street view. Fourth-quarter adjusted earnings moved up to $0.32
Intuit Inc. (NASDAQ: INTU) reported second quarter 2021 earnings results today. Total revenue fell 7% year-over-year to $1.6 billion. Net income was $20 million, or $0.07 per share, compared to
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