QCOM
$76.44
Qualcomm
($1.79)
(2.29%)
Earnings Details
3rd Quarter June 2019
Wednesday, July 31, 2019 4:05:00 PM
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Summary

Qualcomm Misses

Qualcomm (QCOM) reported 3rd Quarter June 2019 earnings of $0.77 per share on revenue of $9.6 billion. The consensus earnings estimate was $0.75 per share on revenue of $5.1 billion. The Earnings Whisper number was $0.81 per share. Revenue grew 72.1% on a year-over-year basis.

The company said in its earnings release it expects fourth quarter non-GAAP earnings of $0.65 to $0.75 per share on revenue of $4.30 billion to $5.10 billion. The current consensus earnings estimate is $1.00 per share on revenue of $5.65 billion for the quarter ending September 30, 2019.

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
$0.77
Earnings Whisper
$0.81
Consensus Estimate
$0.75
Reported Revenue
$9.64 Bil
Revenue Estimate
$5.11 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Qualcomm Earnings Release Available on Company's Investor Relations Website

SAN DIEGO, July 31, 2019 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced the Company's financial results for its third quarter of fiscal 2019 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 third quarter of fiscal 2019 results which will be broadcast live on July 31, 2019, 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 (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use reservation number 13692366.       

About Qualcomm
Qualcomm invents breakthrough technologies that transform how the world connects, computes 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, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including the QCT semiconductor business. For more information, visit www.qualcomm.com.

Qualcomm Contact:
Mauricio Lopez-Hodoyan, Investor Relations
Phone:  1-858-658-4813
Email:  ir@qualcomm.com

Cision View original content:http://www.prnewswire.com/news-releases/qualcomm-earnings-release-available-on-companys-investor-relations-website-300894390.html

SOURCE Qualcomm Incorporated