Qualcomm Beats but Guides Lower
Qualcomm (QCOM) reported 1st Quarter December 2017 earnings of $0.99 per share on revenue of $6.1 billion. The consensus earnings estimate was $0.91 per share on revenue of $6.0 billion. The Earnings Whisper number was $0.95 per share. Revenue grew 1.2% on a year-over-year basis.
The company said it expects second quarter non-GAAP earnings of $0.65 to $0.75 per share on revenue of $4.80 billion to $5.60 billion. The current consensus earnings estimate is $0.86 per share on revenue of $5.58 billion for the quarter ending March 31, 2018.
Qualcomm Inc develops digital communication technology called CDMA (Code Division Multiple Access), & owns intellectual property applicable to products that implement any version of CDMA including patents, patent applications & trade secrets.
Qualcomm Earnings Release Available on Companys Investor Relations Website
Qualcomm Incorporated (QCOM) today announced the Companys financial results for its first quarter of fiscal 2018 through an earnings release that is available on the Qualcomm Investor Relations website at http://investor.qualcomm.com/results.cfm. The earnings release will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at http://www.sec.gov.
As previously announced, Qualcomm will host a conference call to discuss its first quarter of fiscal 2018 results which will be broadcast live on January 31, 2018, beginning at 1:45 p.m. Pacific Time (PT) at http://investor.qualcomm.com/events.cfm. An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (855) 859-2056 and international callers may dial (404) 537-3406. Callers should use reservation number 39466104.
About Qualcomm Qualcomm invents breakthrough technologies that transform how the world connects and communicates. When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT -- including smart cities, smart homes, and wearables. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, our QCT semiconductor business. For more information, visit www.qualcomm.com.
Qualcomm Contact:John Sinnott, Investor RelationsPhone: 1-858-658-4813Email: email@example.com
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SOURCE Qualcomm Incorporated