Motley Fool

Why Qualcomm Stock Skyrocketed 13.3% Today

Shares of semiconductors giant Qualcomm (NASDAQ: QCOM) jumped 13.3% through 9:45 a.m. EDT Thursday after the company reported a big earnings beat for its fiscal fourth quarter 2021 last night. Analysts had forecast Qualcomm would earn $2.26 per share on sales of less than $8.9 billion. In fact, Qualcomm earned $2.55 per share (pro forma), and on sales of more than $9.3 billion.