Qualcomm drops NXP deal, stock climbs on upbeat Q3 results

Qualcomm (QCOM) reported a 41% jump in earnings for the third quarter driven by solid execution, including strong results in licensing business despite seasonality and soft industry conditions. The top and bottom line came in above analysts’ expectations. Following this, shares of the chipmaker grew 4.17% in the aftermarket trading. Revenue for the quarter witnessed … Continue reading Qualcomm drops NXP deal, stock climbs on upbeat Q3 results