Qualcomm, Inc. (QCOM) Earnings: EPS In-Line, Revenue Beats

Qualcomm, Inc. (NASDAQ:QCOM) revealed its earnings report for the three months ended June 30 today after the market closed. The company showed earnings of $1.03 per share for the quarter on revenue that totaled $6.24 billion. On today's market, Qualcomm shares trended downward, closing the day at $61.39.

In the run up to the announcement of these numbers, analysts were looking for $1.03 per share from the company for the three months period. Revenue from the quarter was expected to come to $6.1 billion. In the same three months of 2012, Qualcomm, Inc. (NASDAQ:QCOM) earned $85 cents a share on revenue of $4.6 billion.