Here’s How Qualcomm Stock Gained 16% in July
Shares of Qualcomm(NASDAQ:QCOM) rose 15.8% in July 2020, according to data from S&P Global Market Intelligence. The semiconductor giant trailed the market for most of the month until a strong third-quarter report turned the tables on July 30.
Adjusted third-quarter sales held steady at $4.89 billion while adjusted earnings rose 8% year over year to $0.86 per share. Your average Wall Street analyst would have settled for earnings near $0.71 per share on roughly $4.81 …