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
Alphabet’s (GOOGL) Google Android operating system has more devices in use today than Apple ‘s (AAPL) iOS, but Apple devices generate the lion’s share of mobile advertising revenue. That wasn’t the case for the first half of the year, though. Android took the lead in mobile advertising revenue in the first quarter and held it in Q2. But Apple recaptured the No. 1 position in mobile advertising revenue in the third quarter, Opera Mediaworks