Chipmaker Qualcomm on Wednesday reported sales and earnings that topped expectations, sending its shares higher. The results came amid stronger-than-anticipated smartphone shipments.
Why it matters: Qualcomm is a major force in the wireless industry and arguably the biggest U.S.-based player in 5G.
By the numbers: The company reported adjusted earnings of $1.45, above its prior guidance, on adjusted revenue of $6.5 billion, also above the range that the company had said to expect.
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Senate Republicans are heeding calls to protect national security, agreeing to hold a confirmation hearing Friday for Joe Biden's nominee for director of national intelligence.
Why it matters: The president-elect's transition team has argued swift confirmation hearings — especially for its national security nominees — are crucial following last week's attack on the Capitol, threats of violence surrounding next week's inauguration and global political tensions.
