The most prominent Qualcomm Q1 profits: Standard records, the stock defeated the estimates, “Growth through our diversification initiatives” – Qualcomm (Nasdaq: Q suck)

Qualcomm Inc Qcom The financial results were reported in the first quarter, which included many of the company’s records, after TMARKET closed on Wednesday.

Below are the most prominent events.

What happened: Qualcomm reported revenue in the first quarter of $ 11.7 billion, an increase of 17 % on an annual basis. The total revenue won the estimation of the consensus of the street of $ 10.93 billion, according to the data From Benzinga Pro.

The company has reported profits in the first quarter per share of $ 3.41, which is a quarterly record from GAAP. The stock profits won the estimation of the consensus of the street of $ 2.96.

QUALCOM revenue for the QCT sector reached $ 10.1 billion, an increase of 20 % on an annual basis. The sector’s revenues collapse as follows:

• Phones: 7.57 billion dollars, +13 % on an annual basis
• Cars: 961 million dollars, +61 % on an annual basis
• Internet of Things: $ 1.55 billion, +36 % on an annual basis

This represents the sixth consecutive quarter of record revenues for the QCT car. The QCT phone sector also had standard quarterly revenues.

The QTL revenues amounted to $ 1.5 billion, an annual increase on an annual basis.

“We are very pleased to achieve a quarterly revenue records, which reflect our strength
Technology, Road Map for Products and Permanent Topic, “CEO of Qualcomm Cristiano Amon He said.

The company bought $ 1.8 billion in shares in the first quarter.

Also read: The most prominent profits in Qualcomm Q4: Beat Eps, Beat, a share of $ 15 billion has been announced.

What nextQualcomm calls for instructions that the second -quarter revenues are in the range of $ 10.3 billion to $ 11.2 billion.

Revenue guidelines decreased by $ 8.9 billion to 9.5 billion dollars and 1.25 billion dollars to $ 1.45 billion.

Analysts direct the revenue of the second quarter of $ 10.34 billion, according to data from Benznja Pro.

The company directs the profits of the second quarter per share in the range of $ 2.70 to 2.90 dollars, in exchange for estimating the consensus of the street of $ 2.69.

“We are achieving growth through our diversification initiatives and remain committed to it
Amun said:

Qcom: Qualcomm shares were traded by 1.64 % at $ 175.88 before closing on Wednesday for a 52 -week trading range from $ 142.43 to $ 230.63. Qualcomm shares increased by 21 % during the past year.

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