Qualcomm's revenue at $9.3 billion in Q4

Wednesday, 03. November 2021 21:06

Qualcomm Inc. said on Wednesday its revenue in the fourth quarter of its fiscal 2021 amounted to $9.34 billion, rising 12% year on year and topping analysts' estimates.

Diluted earnings per share (EPS) fell 5% year-on-year to $2.45 as net income also decreased by 5% to $2.79 billion.

"We are well-positioned to continue to lead in mobile and enable the digital transformation of industries with our broad portfolio of relevant technologies. Our results across RF front-end, Automotive and IoT attest to the success of our technology roadmap and revenue diversification strategy.” Cristiano Amon, President and CEO of Qualcomm said.

Qualcomm shares jumped 5.27% in after-hours following the release of the earnings report.

Related Links: Qualcomm Inc.
Author:
Baha Breaking the News (BBN) / TT