Qualcomm (QCOM) this evening reported fiscal Q2 revenue and EPS ahead of estimates, raised its full-year view, and offered a Q3 view ahead of estimates.
Q2 revenue came in at $3.88 billion, yielding EPS of 86 cents. Analysts had been expecting revenue of $3.62 billion and EPS of 80 cents.
For fiscal Q3, the company sees 68 cents to 72 cents EPS on revenue of $3.35 billion to $3.65 billion. Analysts have been estimating revenue of $3.39 billion and EPS of 69 cents.
For the year, the company now sees revenue of $14.1 billion to $14.7 billion, versus a prior $13.6 billion to $14.2 billion range, and ahead of the average $13.93 billion estimate. EPS is expected in a range of $3.05 to $3.13, versus a prior $2.91 to $3.05 range, and the average $3.04 estimate.
Qualcomm shares are up $2.38, or 4%, at $57.65 in late trading.
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