Qualcomm (QCOM) Tops Q1 Earnings and Revenue Estimates

Qualcomm (QCOM) came out with quarterly earnings of $2.75 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $2.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.55%. A quarter ago, it was expected that this chipmaker would post earnings of $1.92 per share when it actually produced earnings of $2.02, delivering a surprise of 5.21%.Over the last four quarters, the company has su ...