Technology company Qualcomm, Inc. (NASDAQ: QCOM) Wednesday reported stronger-than-expected earnings and revenues for the third quarter of 2024. Both numbers increased year-over-year.
June-quarter revenues increased 11% from last year to $9.39 billion and surpassed analysts’ forecast. QCT revenues moved up 12% and QTL revenues grew 3%.
Net income was $2.13 billion or $1.88 per share, compared to $1.80 billion or $1.60 per share in the third quarter of 2023. Adjusted profit increased to $2.33 per share in Q3 from $1.87 per share last year.
