QUALCOMM (QCOM) reported fiscal Q3 adjusted earnings late Wednesday of $2.21 per diluted share, down from $2.77 a year earlier.

Analysts polled by FactSet expected $2.23.

Revenue for the quarter was $9.95 billion, down from $10.37 billion a year earlier.

Analysts surveyed by FactSet expected $9.69 billion.

The company expects Q4 adjusted EPS of $2.05 to $2.25 on revenue of $9.7 billion to $10.5 billion.

Analysts expect EPS of $10.78 on revenue of $42.64 billion.