Qualcomm meets market expectations with $186.6M earnings

SAN DIEGO—Qualcomm Inc. said it met market expectations with earnings of $186.6 million, or 23 cents per share, before certain items.

This contrasted with earnings of $189.7 million, or 23 cents per share in the year-ago period.

“Qualcomm’s technology licensing increased its revenues and earnings before taxes for the third consecutive quarter,” said Irwin Jacobs, chairman and chief executive of the company.