Return of the smartphone

Qualcomm made $2.44 (€2.31) per share earnings against the expected $2.32 (€2.20). Revenue was $9.39 billion (€8.90 billion) adjusted, compared to the anticipated $9.34 billion (€8.85 billion). Net income for the quarter stood at $2.33 billion ( €2.21 billion), or $2.06 (€1.95) per share, an increase from $1.7 billion (€1.61 billion), or $1.52 (€1.44) per share, in the same period last year. The company anticipates sales between $8.8 billion (€8.34 billion) and $9.6 billion (€9.10 billion) for the current quarter, surpassing the Wall Street forecast of $9.05 billion (€8.58 billion).