Chipmaker Qualcomm on Wednesday reported sales and earnings that topped expectations, sending its shares higher. The results came amid stronger-than-anticipated smartphone shipments.
Why it matters: Qualcomm is a major force in the wireless industry and arguably the biggest U.S.-based player in 5G.
By the numbers: The company reported adjusted earnings of $1.45, above its prior guidance, on adjusted revenue of $6.5 billion, also above the range that the company had said to expect.
