TELETRADER News
2/2, 10:02 PM
(Source: TeleTrader)
Qualcomm-0.07%
Qualcomm's revenue falls by 12% to $9.46B in Q1
Qualcomm Inc. revealed on Thursday that its revenue in the first quarter of the fiscal 2023 amounted to $9.46 billion, falling 12% year on year. Diluted earnings per share (EPS) slumped by 34% year-on-year to $2.98 as net income also plunged by 34% to $2.24 billion.
"The long-term trends driving demand for our differentiated technologies and solutions that enable digital transformation are intact. We are confident in our ability to navigate the near term and remain focused on executing our diversification strategy," CEO Cristiano Amon said.
The company's shares were up by 1.95% in the after-hours trading after the announcement.