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Qualcomm forecasts mixed Q2 after December quarter tops guidance

2020-02-06 09:12:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported better-than-expected earnings for its fiscal first quarter to December, down only 8 percent year-on-year to USD 0.80 per share, compared to guidance for a drop of 30 percent or more. Revenues increased 5 percent to USD 5.1 billion, near the high end of its outlook. The company said it was starting to benefit from the ramp up of the 5G market. 

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