Qualcomm Stock Rises After Earnings Beat, Dividend News

Qualcomm stock is higher after beating earnings expectations and raising its dividend. Here's what you need to know.

Qualcomm logo in white lights at Mobile World Congress 2024
(Image credit: Ramon Costa/SOPA Images/LightRocket via Getty Images)

Qualcomm (QCOM) stock is up more than 10% in Thursday's session after the technology giant beat top- and bottom-line expectations for its fiscal second quarter and reiterated its dividend increase.

In the three months ended March 31, Qualcomm's revenue increased 1.3% from the year-ago period to $9.4 billion. Its earnings per share (EPS) were up 13.5% to $2.44.

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Joey Solitro

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.