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Why Qualcomm Stock Skyrocketed 13.3% Today

·2 min read
Why Qualcomm Stock Skyrocketed 13.3% Today
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Shares of semiconductors giant Qualcomm (NASDAQ: QCOM) jumped 13.3% through 9:45 a.m. EDT Thursday after the company reported a big earnings beat for its fiscal fourth quarter 2021 last night. Analysts had forecast Qualcomm would earn $2.26 per share on sales of less than $8.9 billion. In fact, Qualcomm earned $2.55 per share (pro forma), and on sales of more than $9.3 billion.