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Qualcomm (QCOM) 'Set a Strategy and We're Executing,' CEO Mollenkopf Tells CNBC

NEW YORK (TheStreet) -- Shares of Qualcomm (QCOM) are higher by 7.79% to $60.17 on Thursday afternoon, after the company reported better than expected earnings for the 2016 second quarter on Wednesday.

The company posted adjusted earnings of $1.16 per share, topping analysts' forecasts of 97 cents per share. Revenues rose by 4% year over year to $6 billion and was higher than Wall Street's expectations of $5.8 billion.

Qualcomm CEO Steve Mollenkopf joined CNBC's "Squawk Alley" today to discuss the...