Reported 3 months ago
Qualcomm's third-quarter results exceeded analyst expectations for both revenue and profit, indicating a 'natural recovery' for the company, according to Morningstar equity strategist Brian Colello. He noted improvement across all segments, including automotive, and highlighted Qualcomm's strategic expansion into electrification markets. While he acknowledged challenges in the PC market recovery, Colello pointed out that the smartphone segment is showing positive trends, solidifying Qualcomm's relevance in evolving industries.
Source: YAHOO