Qualcomm (NASDAQ: QCOM) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.09%. A quarter ago, it was expected that this chipmaker would post earnings of $2.38 per share when it actually produced earnings of $2.75, delivering a surprise of 15.55%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Qualcomm, which belongs to the Zacks Wireless Equipment industry, posted revenues of $9.39 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.74%. This compares to year-ago revenues of $9.28 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Qualcomm shares have added about ...