Qualcomm beats quarterly revenue estimates

(Reuters) - Qualcomm Inc beat analysts' estimates for fourth-quarter revenue on Wednesday, sending its shares up 5% in extended trading. Revenue fell about 17% to $4.81 billion (£3.74 billion), but beat analysts' estimates of $4.70 billion.

Reuters November 07, 2019 04:05:31 IST
Qualcomm beats quarterly revenue estimates

Qualcomm beats quarterly revenue estimates

(Reuters) - Qualcomm Inc beat analysts' estimates for fourth-quarter revenue on Wednesday, sending its shares up 5% in extended trading.

Revenue fell about 17% to $4.81 billion (£3.74 billion), but beat analysts' estimates of $4.70 billion.

(Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco; Editing by Sriraj Kalluvila)

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