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Qualcomm Inc.
QCOM, -0.66%
Shares rose Wednesday during the plenary session after the chip maker surpassed Wall Street's estimates for the quarter. Qualcomm's shares rose 2.4% after normal hours, following a 0.7% decline to close the regular session at $ 63.21. The company reported a loss of $ 493 million, or 35 cents per share, in the fourth quarter of the year, compared to $ 168 million, or 11 cents per share, in the same period last year. Adjusted earnings were 90 cents per share. Revenues dropped to $ 5.8 billion from $ 5.91 billion in the same quarter of the previous year. Analysts surveyed by FactSet were counting on earnings per share of 83 cents for a $ 5.53 billion business figure. For the first quarter, Qualcomm expects adjusted earnings of $ 1.05 to $ 1.15 per share for a turnover of $ 4.5 to $ 5.3 billion, while analysts expected a figure of $ 1.5 billion. Business of $ 5.59 billion.
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