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For the first quarter of the year, Qualcomm posted earnings above expectations, but its revenue was insufficient.
This is how the company compared its expectations to those of Wall Street:
- Earnings per share: USD 1.20 against USD 1.09 expected by Refinitiv
- Turnover: $ 4.82 billion versus $ 4.9 billion forecast by Refinitiv
Steve Mollenkopf, CEO, said the results were "driven by strong product leadership and management of operating expenses". Mollenkopf also said that Qualcomm is pursuing its strategic goals such as 5G.
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