Consensus forecasts anticipate earnings of $2.71 per share, reflecting an approximate 15% increase compared to the previous year, while revenue is expected to rise

Qualcomm projected fiscal fourth-quarter revenue of $10.3 billion to $11.1 billion, with adjusted EPS from $2.75 to $2.95. The midpoint of each range, at $10.7 billion and $2.85, was about in line with what analysts currently project.

Qualcomm reported better-than-expected earnings results for the June quarter, but its shares fell in early trading Thursday. Investors likely had higher expectations after the stock’s big rally since early April.