QCOM
$57.04
Qualcomm
$.24
.42%
Earnings Details
1st Quarter December 2016
Wednesday, January 25, 2017 4:02:00 PM
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Summary

Qualcomm Misses

Qualcomm (QCOM) reported 1st Quarter December 2016 earnings of $1.17 per share on revenue of $6.0 billion. The consensus earnings estimate was $1.17 per share on revenue of $6.1 billion. The Earnings Whisper number was $1.24 per share. Revenue grew 3.9% on a year-over-year basis.

The company said it expects second quarter non-GAAP earnings of $1.15 to $1.25 per share on revenue of $5.50 billion to $6.30 billion. The current consensus earnings estimate is $1.19 per share on revenue of $5.78 billion for the quarter ending March 31, 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.

Results
Reported Earnings
$1.17
Earnings Whisper
$1.24
Consensus Estimate
$1.17
Reported Revenue
$6.00 Bil
Revenue Estimate
$6.12 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Qualcomm Earnings Release Available on Company’s Investor Relations Website

Qualcomm Incorporated (QCOM) today announced the Company’s financial results for its first 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 first quarter results which will be broadcast live on January 25, 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 48860663.

About Qualcomm Qualcomm’s 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 Qualcomm’s website, OnQ blog, Twitter and Facebook pages

Qualcomm Contact:John Sinnott, Investor RelationsPhone: 1-858-658-4813Email: ir@qualcomm.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/qualcomm-earnings-release-available-on-companys-investor-relations-website-300396882.html

SOURCE Qualcomm Incorporated

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