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Intel Corporation Message Board

  • wallisweaver wallisweaver Apr 23, 2014 4:21 PM Flag

    Qualcomm Slips: FYQ2 Rev Misses; Raises Year EPS View

    Wireless chip maker Qualcomm (QCOM) this afternoon reported fiscal Q2 revenue that slightly missed analysts’ expectations, and earnings per share that beat, and forecast Q3 revenue and earnings below consensus, and raised its year EPS view.

    Revenue in the three months ended in March rose to $6.4 billion, yielding EPS of $1.31.

    Analysts had been modeling $6.49 billion and $1.22.

    For the current quarter, the company sees revenue of $6.2 billion to $6.8 billion, and EPS of $1.15 to $1.25. That compares to consensus for $6.6 billion and $1.25.

    For the full year, the company now sees $5.05 to $5.25 per share in net income, up from a prior forecast of $5 to $5.20. That is on revenue of $26 billion to $27.5 billion. Consensus stands at $26.8 billion and $5.13 per share.

    Qualcomm shares are down $2.71, or 3.4%, at $78.

    From Barron's

    [Now down four percent. ]

 
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