Qualcomm Misses Earnings

Qualcomm ($QCOM) just reported fiscal Q4 earnings of $1.26 per share. That’s five cents below estimates. Revenue rose 3% to $6.69 billion which was below consensus estimates of $7.016 billion. For the year, Qualcomm earned $5.27 per share which was an increase of 17% from last year.

For this quarter (ending in December), Qualcomm sees EPS ranging between $1.18 and $1.30. Wall Street had been expecting $1.43 per share. They expect sales to be between $6.6 billion and $7.2 billion.

For this current fiscal year, Qualcomm expects earnings between $5.05 and $5.35 per share, and revenue between $26.8 billion and $28.8 billion.

Posted by on November 5th, 2014 at 4:28 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.