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US chipmaker $QCOM posted earnings increase of 22% for 3Q16, helped by higher results of operating income & income before income taxes. Net income was $1.4Bil or $0.97 per diluted share vs. $1.2Bil or $0.73 per diluted share in 3Q15. Net revenues rose 4% to $6Bil vs. 3Q15, helped by higher revenues in equipment & services and licensing businesses.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.