Qualcomm (QCOM) Tops Q2 EPS by 8c; Issues Light Q3 EPS Outlook

Qualcomm (NASDAQ: QCOM) reported Q2 EPS of $1.04, $0.08 better than the analyst estimate of $0.96. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.34 billion.

“Our fiscal second quarter results were driven by stronger than expected performance across our chipset and licensing businesses,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We are pleased with our continued progress in the licensing business, including the recent conclusion of new license agreements in China and the resolution of our dispute with LG Electronics. We are continuing to build momentum into the second half of our fiscal 2016 with traction for our Snapdragon processors in the premium and high tiers and strong execution of our strategic realignment plan.”

GUIDANCE:

Qualcomm sees Q3 2016 EPS of $0.90-$1.00, versus the consensus of $1.02. Qualcomm sees Q3 2016 revenue of $5.2-6.0 billion, versus the consensus of $5.56 billion.

Qualcomm sees FY2016 EPS of $0.00.

For earnings history and earnings-related data on Qualcomm (QCOM) click here.

You May Also Be Interested In

• Alcon (ALC) shares pop 10% on better-than-feared Q1 print
• MINISO Group Holding Limited (MNSO) Tops Q1 EPS by 8c
• i-80 Gold Corp. (IAUX) Misses Q1 EPS by 4c