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MarketBeat on MSNCan Qualcomm Shock Wall Street With Its Q3 Earnings?Semiconductor giant Qualcomm Inc. (NASDAQ: QCOM) is set to report earnings on Wednesday, and it couldn’t come at a more ...
Qualcomm Technology Licensing (QTL) revenues totaled $1.27 billion, up 3% year over year, owing to strength in handset and automotive businesses. EBT margin improved to 70% from 66%.
Qualcomm said that its automotive business grew a 59% on an annual basis, to $959 million in sales. Its Internet of Things business rose 27% to $1.58 billion in revenue.
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Why Is Qualcomm (QCOM) Up 3.4% Since Last Earnings Report? - MSNQualcomm Technology Licensing (QTL) revenues totaled $1.27 billion, up 3% year over year, owing to strength in handset and automotive businesses. EBT margin improved to 70% from 66%.
The fastest-growing market for Qualcomm is its automotive business, which grew 61% to $961 million in sales, as long-term contracts for the company's parts and software turn into recorded revenue.
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