Amazon reported its Q2 earnings after the bell on Thursday, missing analysts' expectations on revenue, and falling short on its Q3 forecast.
Shares of Qualcomm (NASDAQ: QCOM) were up 5.5% as of 1 p.m. EDT on Thursday. Shareholders of the mobile-chip designer were benefiting from a better-than-expected quarterly earnings report the day before, as well as a rosy outlook for the summer quarter as the company said it was mitigating supply issues amid the global chip shortage. Specifically, Qualcomm reported a 65% year-over-year increase in revenue to $8.06 billion and a 124% increase in adjusted net income to $2.2 billion during its fiscal 2021 third quarter (the three months ended June 27).
CUPERTINO, Calif., July 29, 2021--Apple® today announced GarageBand® for iOS and iPadOS®, the most popular music creation app in the world, now helps people unlock even more of their musical creativity with all-new Sound Packs from some of today’s top artists and producers. For the first time, users can learn the art of remixing right within the app with two all-new Remix Sessions offering step-by-step video instruction and featuring hit songs from Grammy Award-winning artists Dua Lipa and Lady