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Actionable news in QCOM: QUALCOMM Incorporated,

Qualcomm shares gain after earnings beat, CEO says this is just the beginning

Shares of Qualcomm jumped more than 7 percent Thursday after an upbeat earnings report.

CEO Steve Mollenkopf attributed the strong results to the company's execution of a strategy it laid out in 2015.

Qualcomm announced last year that it was cutting about 15 percent of its workforce amid reduced demand and lower sell through in China. This quarter, the company was able to deliver stronger numbers, improving investor and analyst...