April 29, 2020 / 8:16 PM / a month ago

Qualcomm second-quarter revenue beats estimates, shares rise

April 29 (Reuters) - Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly revenue and forecast current-quarter sales largely in line with expectations even though several other chipmakers had flagged concerns of a significant hit from the coronavirus outbreak.

Total revenue for the company rose about 5% to $5.22 billion in the second quarter ended March 29, beating analysts' estimates of $5.03 billion, according to IBES data from Refinitiv.

Shares of the company were up 5% in trading after the bell. (Reporting by Supantha Mukherjee and Neha Malara in Bengaluru; Editing by Maju Samuel)

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