Here’s a quick rundown of Wednesday’s after-hours action: Facebook (FB) beat third-quarter expectations, with revenue up 41% and earnings up 33%. The social media giant said daily active users rose 17% to 1.01 billion. Ad revenue jumped 45% to $4.3 billion. Shares rose 3% late. Qualcomm (QCOM) earnings dropped 28%, and revenue fell 18%, but both beat estimates. The Apple (AAPL) chip supplier’s first-quarter guidance was light. Qualcomm stock
Qualcomm (QCOM) stock tripped late Wednesday after the Apple (AAPL) chip supplier reported fiscal Q4 sales and earnings that beat Wall Street expectations but gave Q1 guidance that lagged analyst views. In after-hours trading, Qualcomm stock was down more than 5%. Shares fell 1% in Wednesday’s regular session, to 60.26, and are down 19% this year. For its fiscal Q4 ended Sept. 27, Qualcomm reported an 18% dip in sales to $5.5 billion. Earnings per
Chipmaker Intel’s (INTC) wireless push is growing, with projects that include a Wi-Fi-first smartphone and 5G technologies for the Internet of Things, serving notice to Qualcomm (QCOM) and other rivals. Along the way, Intel is making allies out of Verizon Communications (VZ) and other industry players. Intel Capital, the chipmaker’s venture capital arm, on Tuesday disclosed an investment in FreedomPop, a Los Angeles-based provider of low-cost