Qualcomm issues mixed results, slightly raises EPS guidance


Qualcomm (QCOM): FQ2 EPS of $1.31 beats by $0.09.

Revenue of $6.37B (+4% Y/Y) misses by $110M.

188M MSM chip shipments, in-line with guidance of 180M-195M.

Expects FQ3 revenue of $6.2B-$6.8B and EPS of $1.15-$1.25 vs. a consensus of $6.59B and $1.25, and MSM chip shipments of 198M-213M.

Expects FY14 revenue of $26B-$27.5B and EPS of $5.05-$5.25 vs. a consensus of $26.8B and $5.13. EPS guidance was previously at $5-$5.20.

Shares -2.6% AH.

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Comments (4)
  • Wincher8
    , contributor
    Comments (8) | Send Message
     
    Looks like they are guiding slightly lower, great results though.
    23 Apr 2014, 06:33 PM Reply Like
  • bgold1955
    , contributor
    Comments (2351) | Send Message
     
    4% rev increase yoy at a 22 pe. I don't think that is worthy of holding. Selling my shares as this corp continues to not perform but for whatever reason a lot of analyst are bullish on it. Been a good run for whatever reason.
    23 Apr 2014, 06:45 PM Reply Like
  • Hawkeyes 2011
    , contributor
    Comments (489) | Send Message
     
    bgold1955. Apparently you must be a "trader" and not a long term investor? QCOM has a very strong track record of earnings, growing dividends, growing huge cash reserves, stock buybacks and all this with no long term debt. QCOM has guided nicely YOY and has normally been a 3rd and 4th quarter performer. As a investor YOY numbers are far more important than trying to figure out QCOM (or any company really) on a quarterly basis. Please do the homework before you make comments that indicate your lack of understanding of how companies actually perform historically.
    23 Apr 2014, 09:17 PM Reply Like
  • Justin Jaynes
    , contributor
    Comments (3154) | Send Message
     
    i haven't followed QCOM at all, but I may buy a small lot of shares on this pullback with my IRA contribution.
    24 Apr 2014, 01:09 AM Reply Like
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