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Why Qualcomm Stock Is Jumping Today

TheMotleyFool

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Shares of the tech giant Qualcomm (NASDAQ: QCOM) were jumping today after the company reported better-than-expected second-quarter results. The company beat analysts' consensus top- and bottom-line estimates in the quarter.

The tech stock was up by 6.1% as of 10:25 a.m. ET.

Qualcomm's second-quarter sales increased 41% from the year-ago quarter to $11.1 billion. That figure easily outpaced Wall Street's expectation of $10.6 billion for the quarter.

Source Fool.com

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