Qualcomm Inc is soaring after the company announced better-than-expected financial results.
What Happened
Qualcomm reported quarterly earnings of $2.55 per share, which beat the estimate of $2.26 per share. The company reported quarterly revenue of $9.34 billion, which beat the estimate of $8.86 billion.Lebenthal’s Take: “It just never deserved to be down at $120-$125 and it shouldn’t be at $155,” Cerity Partners’ Jim Lebenthal said Thursday on CNBC.
