Qualcomm published better-than-expected fourth quarter financial results on Wednesday, November 7, 2018. The semiconductor giant reported non-GAAP earnings of 90 cents per share on revenue of $5.8 billion, down two percent year over year.

Wall Street was looking for earnings of 83 cents per share with $5.52 billion in revenue.

For the full fiscal year 2018, Qualcomm reported non-GAAP earnings per share of $3.69 on GAAP revenue of $22.7 billion.

For the current quarter, Wall Street is expecting earnings of 95 cents a share on revenue of $5.57 billion. Qualcomm followed up with earnings estimates from $1.05 to $1.15 a share with $4.5 billion to $5.3 billion in revenue.

Qualcomm's ongoing Apple dispute has strangled revenue in the company's licensing division, Qualcomm Technology Licensing (QTL), which had accounted for a significant portion of its overall earnings. Qualcomm said it did not record any QTL revenues in fiscal 2018 for royalties it says it's due on sales of Apple's products.