Qualcomm (QCOM) shares jumped over 6% in intraday trading Thursday after the chipmaker posted better-than-expected results and guidance on increasing demand for 🐻mobile phonesꦉ.

The company reported fourth quarter fiscal 2023 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $2.02. Revenue was down 24% year-over-year to $8.67 billion. Both were more than forecasts.

Sales at its QTC unit, which makes ci🐭rcuits and o🃏ther technology for mobile devices, fell 26% to $7.4 billion. They dropped 12% to $1.3 billion at its QTL division, which focuses on licensing its products. 

CFO Akash Palkhiwala said the company is seeing “early signs of stabilization in dಌemand for global 3G, 4G, 5G handsets.” He noted the outlook for shipments of smartphones with Qualcomm chips would be for a decline in the mid- to high-single-digit perc﷽ent range, better than its previous estimate. 

Qualcomm anticipates current quarter EPS of $2.25, with revenue in a range of $9.1 billion to $9.9 billion. Analysts had♑ been looking for EPS of $2.23 and revenue of $9.2 billion. The company expects QTC𓆏 sales of $7.7 billion to $8.3 billion, and sales of QTL at $1.3 billion to $1.5 billion.

With Thursday's gains, shares of Qualcomm were trading in positive territory for 2023 after ending the month of October lower for the year.