Qualcomm Maintains Leadership in Key Tech Industries on New Products: Analyst

Qualcomm maintained leadership in critical technology industries, delivering solid revenues and earnings. On Nov.6, the San Diego-based chipmaker reported fiscal fourth-quarter financial results that beat Wall Street’s expectations and gave strong guidance for the rest of the year. Non-GAAP earnings per share (EPS) were $2.69, up 33 percent from a year earlier. Revenues were $10.244 billion, up 18 percent over the same period, driven by a 55 percent jump in automotive sales, the fifth record of quarterly gains. The solid fourth quarter follows the third quarter, during which the chipmaker reported a 25 percent growth in earnings and an 11 percent change in revenues, driven by an 87 percent increase in automotive sales....