Chipmaker Qualcomm's Stock Gains on Earnings, Revenue Beat

Key TakeawaysQualcomm shares rose in extended trading Wednesday after the chipmaker reported fiscal second-quarter earnings that beat analysts' estimates.The company's revenue rose 1% from a year ago to $9.39 billion, while net income grew 14$2.33 billion.The chipmaker cited strong demand from Chinese phonemakers and record Qualcomm CDMA Technologies (QCT) automotive sales as having contributed to its results. Qualcomm also highlighted its expanding offerings with artificial intelligence capabilities a ...