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SHARE Smartphone chipmaker Qualcomm Inc. delivered a strong earnings beat today in its first financial report under new Chief Executive Cristiano Amon, and added offered strong guidance for the next period, sending its stock higher in extended trading. The company reported a third-quarter profit before certain costs such as stock compensation of $1.92 per share on revenue of $7.99 billion, up 63% from a year ago. That just beat Wall Street’s forecast for $1.91 per share in earnings, and was some way ahead of the $7.53 billion revenue forecast. Amon (pictured) said in a statement the company is on pace to deliver “$10 billion of annual revenues across RF front-end, IoT and Automotive” in addition to leading the 5G transition. “We are seeing unprecedented demand for our technologies as the pace of digital transformation accelerates,” he added.

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