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Qualcomm (QCOM): FQ2 EPS of $1.17 beats by $0.01. Revenue of $6.12B (+24% Y/Y) beats by $50M....

Qualcomm (QCOM): FQ2 EPS of $1.17 beats by $0.01. Revenue of $6.12B (+24% Y/Y) beats by $50M. Expects FQ3 revenue of $5.8B-$6.3B and EPS of $0.97-$1.05 vs. consensus of $5.88B and $1.04. Expects FY13 revenue of $24B-$25B and EPS of $4.40-$4.55 vs. consensus of $24.1B and $4.53. Shares -5.1% AH. (PR)
Comments (5)
  • dunnhaupt
    , contributor
    Comments (390) | Send Message
     
    I think the after-hours reaction is ridiculous. This may be a buying opportunity.
    24 Apr 2013, 04:47 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (782) | Send Message
     
    It is definitely hard to predict this type of reaction on a stock that beats on the top/bottom. Doesn't make a ton of sense considering guidance wasn't completely out-of-line either. QCOM falls close to $60 and I'd be buying hand-over-fist.

     

    Just a thought - I know the whole tech sector is in disfavor right now, but when the good (like QCOM) gets thrown out with the bad, there have to be opportunities out there for a long investor.
    24 Apr 2013, 04:54 PM Reply Like
  • macberry
    , contributor
    Comments (28) | Send Message
     
    And we're back in the green. This may well open higher tomorrow.

     

    edit, looks like it is still down - yahoo AH quotes look wonky.
    24 Apr 2013, 08:47 PM Reply Like
  • Coach Paul
    , contributor
    Comments (2) | Send Message
     
    This will bounce to $63.5-$64, then fade. Solid yearly guidance will set a reasonable floor.
    25 Apr 2013, 01:07 AM Reply Like
  • Michael Fu
    , contributor
    Comments (191) | Send Message
     
    i like QCOM, but some of the risks analysts are worried about include: declining margins (17% guidance for equip business for Q32013), lower ASP from developing markets, Samsung building own chip rumor, 3G to 4G transition (lower royalty fees). see article for more details: http://seekingalpha.co...
    25 Apr 2013, 08:09 AM Reply Like
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