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Analysts Pile Into Qualcomm After Stellar Earnings

Qualcomm Inc. (NASDAQ: QCOM) reported a strong fiscal third quarter after the markets closed on Wednesday. The overall reaction from investors was very positive, and this was reflected in the following analyst calls as well.

24/7 Wall St. included highlights from both earnings reports, as well as what analysts were saying about each stock after the fact.

The chipmaker posted adjusted diluted earnings per share (EPS) of $1.16 and revenues of $6 billion. In the second quarter of 2015, Qualcomm reported EPS of $0.99 on revenues of $5.8 billion. Thomson Reuters had estimates for EPS of $0.97 and $5.58 billion in revenue.

In its outlook for its fiscal fourth quarter, Qualcomm...


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