Qualcomm Inc. (QCOM Quick QuoteQCOM - Free Report) just released its third-quarter earnings results, posting earnings of $1.03 per share and revenue of $6.03 billion.

Currently, QCOM has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Qualcomm:

1. Beat earnings estimates. The company posted earnings of $1.03 per share (excluding 6 cents from non-recurring items, beating our Zacks Consensus Estimate of $0.83.

2. Beat revenue estimates. The company saw revenue figures of $6.03 billion, beating our estimate of $5.55 billion.  

3. In the third quarter, the company saw MSM chip shipments hit 201 million, down 11% from last year, while total reported device sales were up 4% from last year.

4. For the fourth quarter, the company expects revenue to fall between $5.4 billion and $6.2 billion. Qualcomm expects its GAAP earnings to be betweent $0.84 per share and $0.94, while its non-GAAP earnings guidance is $1.05 per share to $1.15 per share.

5. QCOM was up $3.05, or 5.46%, to $58.87 as of 4:42 p.m. EST in after-hours trading shortly after its earnings report was released.

Here’s a graph that looks at Qualcomm’s latest earnings performance:

QUALCOMM INC Price, Consensus and EPS Surprise

QUALCOMM INC Price, Consensus and EPS Surprise | QUALCOMM INC Quote

Qualcomm Inc. develops and delivers innovative digital wireless communications products and services based on the company's CDMA digital technology.

Make sure to check back here for our full coverage on Qualcomm’s third-quarter earnings report!

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