Qualcomm (QCOM) reported fiscal Q2 non-GAAP earnings late Wednesday of $2.85 per diluted share, up from $2.44 a year earlier.

Analysts polled by FactSet expected $2.82.

Revenue in the three months ended March 30 was $10.98 billion, up from $9.39 billion a year earlier. Analysts surveyed by FactSet expected $10.64 billion.

The company expects fiscal Q3 non-GAAP EPS of $2.60 to $2.80 on revenue of $9.9 billion to $10.7 billion. Analysts surveyed by FactSet project EPS of $2.67 on revenue of $10.33 billion.

The company's shares were down more than 4% in after-hours activity.