A Qualcomm announced profit and revenue above expectations in the first fiscal quarter of 2025 and action responded to the rise to performance.
Net profit was in US $ 3.18 billion in the first fiscal quarter of 2025, which corresponded to a 15% growth compared to the same period of 2024. The profit diluted per share was $ 2.83, above the $ 2.46 of the same period of the previous year.
Excluding some non -recurring items, the stock -adjusted profit was $ 3.41, compared to $ 2.75 in the first fiscal quarter of 2024 and compared to $ 2.46 from analysts, according to FactSet.
Revenue increased by 17%to $ 11.67 billion. Analysts consulted by FACTSET predicted revenue of $ 10.91 billion.
“We are very pleased to have reached records of quarterly revenue, which reflect the strength of our technology, product script and end customer demand,” said Cristiano Amon, CEO of Qualcomm.
Qualcomm’s shares rose 0.52% around 6:18 pm at the New York After Hours.
