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Kif Leswing / CNBC:
Qualcomm beats with Q1 revenue of $10.7B vs $10.42B est., up 30% YoY, net income of $3.7B, up 47% YoY, and chip segment revenue of $8.8B, up 35% YoY — - Qualcomm reported first-quarter earnings Wednesday after the bell. — Qualcomm's chip business grew 35% driven by handset chip sales.
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