Qualcomm (QCOM) Beats Q1 Earnings Estimates on Solid Revenues

Qualcomm Incorporated (QCOM) reported relatively healthy first-quarter fiscal 2024 results, with the bottom and top lines beating the respective Zacks Consensus Estimate, driven by healthy demand trends in Android handsets and automotive businesses.Both metrics improved year over year, led by the strength of the business model, revenue diversification and the ability to respond proactively to the evolving market scenario. Consequently, shares were up post earnings release, despite expectations of a modest r ...