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Qualcomm (QCOM): FQ3 EPS of $1.03 in-line. Revenue of $6.24B (+35% Y/Y) beats by $190M. Expects...

Qualcomm (QCOM): FQ3 EPS of $1.03 in-line. Revenue of $6.24B (+35% Y/Y) beats by $190M. Expects FQ4 revenue of $5.9B-$6.6B and EPS of $1.02-$1.10 vs. consensus of $6.29B and $1.08. Shares +3.6% AH. (PR)
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Comments (7)
  • Philip Marlowe
    , contributor
    Comments (1067) | Send Message
     
    Cannot figure out Qualcomm. Last quarter they had a better beat than this, and the shares crashed AH. But it is good to see them do well.
    24 Jul 2013, 04:13 PM Reply Like
  • Fear & Greed Trader
    , contributor
    Comments (5366) | Send Message
     
    Philip,
    Expectations were very low this qtr, everyone thought this was going to be a weak qtr..

     

    This is a nice LT story,, plenty of room here for upside & a nice Div to boot..
    24 Jul 2013, 06:52 PM Reply Like
  • bismaroni
    , contributor
    Comments (5) | Send Message
     
    If anyone else has owned this stock over the past year like I have, you're probably as frustrated as much as I am. This stock has done NOTHING, while the market has stormed ahead. My FA continues to tell me that all signs point to the stock being undervalued and carrying the potential to significantly rise in the coming months. I'm ready to bail on any uptick, since it seems like a dead $ play. Does anyone else have an opinion?
    24 Jul 2013, 05:48 PM Reply Like
  • maverta
    , contributor
    Comments (329) | Send Message
     
    yes, I have an opinion. I have watched Qcom for years and all I have heard about the company is how well positioned they are. The Jacobs team has been at the helm forever. yet, the stock doesn't move. As a trader and investor for many years, I have found out, sometimes the hard way, great companies don't necessarily make great stocks. I have taken Qcom off my watch list because it just doesn't move. There are better stocks out there.
    24 Jul 2013, 07:29 PM Reply Like
  • renetoussaintlopez
    , contributor
    Comments (3) | Send Message
     
    I suggest you keep it and sell covered calls to generate the income you want. It's perfect timing as the stock has risen and the calls will pay up nicely.
    24 Jul 2013, 08:07 PM Reply Like
  • DougRonald
    , contributor
    Comments (206) | Send Message
     
    Seems that due to weak economies in EU and Asia, stocks with foreign ops emphasis have been out of favor. QCOM has been left behind due to this. Tides will turn, and it's a solid business. Your FA is most likely right.
    24 Jul 2013, 11:30 PM Reply Like
  • stoj
    , contributor
    Comments (435) | Send Message
     
    I bought qcom on monday, first time ever. This is apparently a long time hold. ( kindof replaced my Intel at 22, that i had owned for 4 years flatline, just collecting dusty divs, I might buy intel again next year, right now they are too expensive )
    24 Jul 2013, 07:01 PM Reply Like
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