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Qualcomm tops estimates for earnings and revenue on strong smartphone demand

Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024.Ann Wang | ReutersQualcomm reported better-than-expected fiscal first-quarter results on Wednesday and issued strong guidance for the current period.Here's how the chipmaker did versus LSEG consensus estimates for the quarter ending Dec. 29:Earnings per share: $3.41, adjusted, vs. $2.96 estimatedRevenue: $11.67 billion vs. $10.93 billion estimatedRevenue in the quarter rose 18% from $9.92 billion a year ago....

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