Qualcomm earnings beat estimates as smartphone chip sales suggest recovery

Cristiano Amon, CEO of Qualcomm, responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 10, 2024.Qualcomm reported fiscal first-quarter results on Wednesday that topped analysts' estimates as sales of handset chips jumped 16% from a year earlier. The stock rose almost 3% in extended trading. Here's how the chipmaker did for the quarter ending on December 24, per LSEG consensus expectations:EPS: $2.75 per share, adjusted ...