Qualcomm beats analyst’s Q3 earning estimates – in your face, Wall Street!
By Will Park on Thursday, July 26th, 2007 at 1:52 PM PST In Announcements, Financial/Corporate News
Amid the lawsuits and trade-bans, the second largest chip-maker has posted Q3 earnings that beat out Wall Street’s estimates by 6% – with a 31% year-on-year sales growth. Qualcomm (NSDQ: QCOM)’s earnings are now in their 8th consecutive quarter of double-digit growth – fueled by increased demand for its chipsets and technology patents.
If these guys can post double-digit growth while locked-out of the US market, we don’t see an end to the whining fight between Qualcomm and Broadcom (NSDQ: BRCM) anytime soon.
[Via: Yahoo]
