BUSINESS BRIEFING / EARNINGS
- Share via
Times Wire Reports
Qualcomm Inc. posted a slight decrease in its third-quarter profit, although Chief Executive Paul Jacobs said the chip maker had a strong quarter and healthy demand.
For the March-to-June period, San Diego-based Qualcomm earned $737 million, or 44 cents a share, down 1.5% from $748 million, or 45 cents, a year earlier.
Adjusted earnings were 54 cents a share, slightly ahead of Wall Street’s expectations.
Revenue edged lower to $2.75 billion from $2.76 billion.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
