Qualcomm handily beats expectations in its fiscal Q1

Qualcomm Inc (NASDAQ: QCOM) is trading up in extended hours on Wednesday after reporting market-beating results for its fiscal first quarter.Qualcomm’s guidance for the current quarterCopy link to sectionThe stock is in the green also because the chipmaker issued in-line revenue guidance for the future. Qualcomm now forecasts its revenue to fall between $8.9 billion and $9.7 billion in its current financial quarter on $1.73 to $1.93 of per-share earnings (adjusted). Analysts, in comparison, were at a $2.25 ...