Sci-tech

Qualcomm (QCOM) Stock Gains on Q2 Earnings and Revenue Beats

Qualcomm (QCOM) Stock Gains on Q2 Earnings and Revenue Beats

But it could become somewhat clearer when the San Diego wireless giant reports licensing revenue for the quarter ending in March and forecasts what it expects for the current quarter ending June 30.

Both the chip and licensing businesses posted strong revenue and profit growth.

Total reported sales of licensed devices increased by 18% year over year to $82.6 billion. QCT revenues rose to $3.7 billion on 179 million MSM chip shipments. Adjusted EPS is forecast in a range of $0.90 to $1.15, compared with an actual total of $1.16 past year.

Qualcomm said revenues were negatively impacted by a reduction related to the BlackBerry arbitration decision, which it says totaled $974 million.

MPs debate Prime Minister Theresa May's General Election call
Despite Corbyn's bravado, his party is demoralized and divided under his left-wing leadership and is expected to fare badly. Until today, May had repeatedly ruled out holding an early election, saying there would be no national vote until 2020.

Earlier this month, Qualcomm extended a deadline for its $110 per share tender offer for NXP Semiconductors (NXPI) to May 2 from April 4.

"Given our work showing that Apple royalties may represent close to 30% of earnings at QCOM, we believe this could result in materially weaker EPS guidance for FQ3 than we or the Street are forecasting", he explained.

Non-GAAP EPS is expected in the range of $0.90 to $1.15, compared with $1.16 during the prior-year period. However, our revenues were not negatively impacted as the contract manufacturers acknowledged the amounts are due and the underpayment was equal to the amounts that Qualcomm has not paid Apple under our Cooperation Agreement (that expired Dec 31, 2016) that are now in dispute.

It is unclear whether Apple's contract manufacturers will underpay royalties owed under their contracts with us in Q3'FY17.

Ex-Saints star's killer seeks new trial before sentencing
Evidence presented during Hayes' trial showed that Smith's 9 mm semi-automatic handgun was found loaded but unused inside his SUV. He said he took responsibility for actions by staying on the scene to wait for police and talking to them once they arrived.

We will continue to protect the value of our technologies, which enables today's robust mobile communications ecosystem, and invest in R&D that will drive the leading edge of mobile computing and connectivity for decades to come - focusing on areas where our technologies will have the most impact and generate the best returns. Shortly after the FTC filed its complaint, Apple levied a lawsuit against Qualcomm, accusing the company of charging unfair royalties for "technologies they have nothing to do with".

When Qualcomm reported fiscal second-quarter results Wednesday, it confirmed that some royalty revenue from Apple's contract manufacturers has gone unpaid. These legal actions will take time to play out, but some negative side effects are already being felt.

Shares of Qualcomm were down 0.5% to $52.41 on Wednesday afternoon and are off almost 20% year to date.

Patriots curiously fight with NY Times over Trump crowd size
He was back in Boston spending time with his family. " That was cool ", Spicer said, laughing, after Gronkowski left the room. Brady also cited a family matter when he skipped the White House visit in 2015 when Barack Obama was president.


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