Qualcomm issues mixed results, slightly raises EPS guidance

|About: Qualcomm Inc. (QCOM)|By:, SA News Editor

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.

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