QUALCOMM, Inc. QCOM shares are trading higher by 5.9% Thursday morning after the company reported better-than-expected second-quarter EPS and sales results and issued third-quarter EPS guidance above estimates.
Qualcomm reported quarterly earnings of $1.90 per share, which beat the analyst consensus estimate of $1.67. Qualcomm also reported quarterly sales of $7.90 billion, which beat the analyst consensus estimate of $7.62 billion.
Roku Inc ROKU shares are also trading higher by 3.8% after Wedbush upgraded the stock from Neutral to Outperform.
Roku is a leading streaming platform in the U.S. The company generates revenue from advertising, distribution fees, hardware sales, OS licensing, and subscription sales.
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