MSI Net, Inc. & mCloudServ

Qualcomm reports Q1 revenue of $8.24B, up 62% YoY but below $8.27B est., with net income of $2.46B, up 165% YoY; stock down 6%+ after hours (Wallace Witkowski/MarketWatch)

Wallace Witkowski / MarketWatch:

Qualcomm reports Q1 revenue of $8.24B, up 62% YoY but below $8.27B est., with net income of $2.46B, up 165% YoY; stock down 6%+ after hours  —  Revenue comes in just shy of expectations, while profit and outlook exceed projections  —  Qualcomm Inc. shares dropped in the extended session Wednesday …