00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Qualcomm reported fiscal third quarter earnings in line with expectations but issued weaker
00:06than expected current quarter earnings guidance, according to CNBC, adjusted earnings of $2.21
00:12per share, below the $2.23 estimate, while revenue of $9.95 billion topped expectations
00:19of $9.67 billion. The company forecast current quarter adjusted earnings of $2.05 to $2.25
00:27per share on revenue of $9.7 billion to $10.5 billion, below analyst earnings estimates.
00:34Qualcomm is expanding beyond smartphone chips into cars, smart glasses and robots, targeting
00:40non-smartphone businesses to generate 60% of revenue next year.
00:44CEO Cristiano Amon said Qualcomm will raise chip prices starting September 1st to offset
00:49higher costs.
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