Qualcomm (QCOM) reported 2nd Quarter March 2017 earnings of $1.35 per share on revenue of $5.0 billion. The consensus earnings estimate was $1.20 per share on revenue of $5.9 billion. The Earnings Whisper number was $1.24 per share. Revenue fell 9.6% compared to the same quarter a year ago.
The company said it expects third quarter non-GAAP earnings of $0.90 to $1.15 per share on revenue of $5.30 billion to $6.10 billion. The current consensus earnings estimate is $1.10 per share on revenue of $5.94 billion for the quarter ending June 30, 2017.
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 second quarter of fiscal 2017 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 fiscal second quarter results which will be broadcast live on April 19, 2017, 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 95200877.
About Qualcomm Qualcomms technologies powered the smartphone revolution and connected billions of people. We pioneered 3G and 4G - and now we are leading the way to 5G and a new era of intelligent, connected devices. Our products are revolutionizing industries, including automotive, computing, IoT, healthcare and data center, and are allowing millions of devices to connect with each other in ways never before imagined. 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